Trico Members to receive record $5.4 million
December 1, 2023
There are many benefits that come with cooperative membership, but perhaps one of the best benefits is Membership Equity – formerly Capital Credits.
For the 14th straight year, the Trico Board of Directors has approved the retirement of Membership Equity in the amount of $5.4 million, which is a record-high amount. As a Trico Member, you are automatically enrolled in Membership Equity.
Look for your Membership Equity refund as a credit on your December bill. If you would prefer to receive your Membership Equity by check in future years, email us at MembershipEquity@trico.coop or call us at (520) 744-2944, ext. 1510. To receive a check, your refund must be over $10 for both active and inactive accounts.
Trico has been a not-for-profit electric cooperative for more than 75 years. When Trico’s revenues exceed its cost of operations, a profit (margin) is created. Trico allocates its profits to its Members in the form of Membership Equity. Annually, when the Cooperative’s financial condition permits, Trico pays, or retires, a portion of the allocated Membership Equity.
We work hard to provide service in a cost-effective manner so we can return Membership Equity to our Members. We changed the name to Membership Equity to highlight the fact that it is your equity in the Cooperative and you are an owner of Trico. It is one significant way we show you are not just a customer you are a Member.
If you would like to donate your Membership Equity to the Trico Foundation, visit our website at www.trico.coop/membership-equity.
We hope this enhances your holiday season. On behalf of the Trico Board and employees, thank you for being a valued Member of Trico. We are here to serve you.