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Capital Credits

What are Capital Credits?

Have you ever wondered what capital credits are?  Capital credits are retained margins left over at the end of a year at a not-for-profit cooperative.  Since a cooperative's owners are also the people the co-op serves, capital credits reflect each member's ownership in the cooperative.  This differs from dividends investor-owned utilities pay shareholders, who may or may not be customers of the utility.  Municipal or investor-owned electic utilties DO NOT refund capital credits; only not-for-profit electric, gas & water cooperatives owned by their members (like you) return these credits.  

When are Capital Credits Paid?

The Graham County Electric Cooperative, Inc. (GCEC) & Graham County Utilities, Inc. (GCU) board of directors decide each year if capital credits are to be distributed, based on the financial health of the cooperatives.  During some years the co-op may experience high growth in the number of new accounts added, or severe storms may result in the need to spend additional funds to repair lines.  Both events might keep members equity low, causing the board to defer any capital credit refunds.  

Members will not lose capital credits.  All capital credits from each year that members have been served by GCEC and/or GCU, are maintained until such time as the board refunds them.  Each year an "allocation" is calculated and allocation notices are sent to members using our services for that year.

What happens if I move?

The best way to ensure that you receive the credits owed to you, is to keep your mailing address current.  To check or update your current mailing address with us, please contact GCEC at 1.928.485.2451 during normal business hours (Monday through Thursday, 7:00 a.m. to 5:30 p.m. excluding holidays).  Even if you are no longer a member of the cooperative, you will receive all capital credits owed to you as long as your mailing address remains current.

To keep your address up to date, fill out the capital credit change of address form and return it to our office.

Refunding capital credits expresses one of the seven cooperative principals---Members' Economic Participation. This principle states: "Members allocate surpluses for any or all of the following purposes; develop the cooperative; setting up reserves; benefiting members in proportion to their transactions with the cooperative; and supporting other activities approved by the membership."

What happens if the Capital Credits are for a deceased spouse or parent?

When Capital Credits are distributed in a deceased spouse or a deceased parents name, the personal representative of the deceased estate can complete the Affidavit for Collecting Capital Credit Payment form.  The legal representative must also provide a copy of the death certificate and/or estate documentation as applicable and return all documents to our office.

It is important to keep all information up to date with your utility company. If you have any further questions, please contact our office. 

How do I find out if I have capital credits?

As a convenience for our Members, this page of our website provides a link to a searchable database of unclaimed patronage capital credits information as set forth in the Arizona Revised Statutes, Section 10-2071(E).

Please provide at least first or last name to search database below.  If you find patronage capital credits that may be claimed please contact Graham County Utilities at (928) 485-2451, and dial extension 8664 to speak with a Representative regarding your claim.  Please be prepared to provide detailed information regarding your claim including name, address, account number, date of service and other necessary information to verify your claim.


Click here to load this Caspio Cloud Database


See related Currents Magazine articles Janaury 2018,: November 2013 and January 2015


CEO/General Manager Kirk Gray and GCEC Board President present check for unclaimed capital credits for 1972 and a portion of 2014 to GCEC Foundation Board President Kim Larkey and Vice President Reuben McBride.

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