Capital Credit Checks Headed to Your Mailbox
Happy holidays from all of us at Northern Lights Inc.
I am excited to announce that this year the NLI Board of Directors authorized a total of $1,099,662 of capital credits from the remainder of 1988, all of 1989 and 10 percent of 1990 to be returned to our members. This means that if you were a member of Northern Lights in those years, you will receive a check in the mail. Your check amount is determined by the amount of energy you used during those years.
We work hard to serve our members by providing safe, reliable and affordable electricity. When revenues exceed the cost of providing this service, these margins are returned to the members in the form of capital credits. Capital credits are not immediately paid out the year they were earned. These funds are used by NLI for electric lines, trucks and equipment needed to serve our members. This offsets our need to borrow money, which would in turn cause higher rates.
The cooperative holds unclaimed capital credits from years past. A list of all members with unclaimed capital credit distributions is available on our website at www.nli.coop. If you find your name on the list, please call us at 208-946-5130.
As another option, you can donate your capital credit checks to the Northern Lights Community Trust, which distributes the funds to local charities in our service area. Please see the insert enclosed with your check for instructions on how to do this.
Feel free to contact our office if you have any questions.
I wish you all a prosperous and happy year ahead. Merry Christmas!