Each member of Access Energy Cooperative has a dividend account at the cooperative where your dividend allocations accumulate. When the Board allocates margins, your portion is allocated to your dividend account. Notices are then printed on your May or June bill to let you know how much was allocated to your account.
Once the financial statements for the year are reviewed, it is determined by the board of directors if it is in the best interest of the cooperative to approve a dividend payment to the members from these accounts. In 2022, the board approved a dividend payment to the members in the amount of $1,224,133. This refund is 100% of the remaining dividends for 2000 and 2001, 37% of 2002, 45% of 2007 and 12% of 2021.
Dividend checks will be available to pick up at the annual meeting on August 2nd. Any checks not picked up will be mailed after the annual meeting. Checks will be sent to the most current address we have on file. The cooperative will not be printing checks for amounts under $5.00. These amounts will be added to next year’s refund.
Members also have the option to receive their dividend payments as a bill credit. To take advantage of this option, please call our finance department or email them at finance@accessenergycoop.com. Any member who signs up for this option in June will be entered into a drawing on July 1st for a $25 bill credit.
Members who were sign up by June 1st were entered into a drawing for a $25 bill credit. Congratulations to winner Stephen Burden from Mt. Union!
For more information about dividends at your cooperative, visit the page on dividends.
Source: https://www.accessenergycoop.com/dividends-are-coming
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