North Arkansas Electric Cooperative is announcing 2023 was a record year for its members to receive capital credits. The cooperative was able to refund nearly $5.7 million in cash to its members this year.
NAEC Chief Executive Officer Mel Coleman says over the years, the cooperative has been able to give back nearly $50 million to its members.
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Credits are refunded in one of two ways. Coleman says members received either a check or a credit on their account.
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The amount refunded differs for each member of the cooperative. Coleman says the size of the credit depends on a member’s usage.
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Anyone with questions about capital credits can contact North Arkansas Electric Cooperative at 870-895-3221.
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