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Capital Credits

Affidavit of Address Form
Members With Unclaimed Capital Credits

 

What are capital credits and how do they work?

Bon Homme Yankton Electric belongs to its members. As owners, members have a responsibility to help finance their business. They do this by using cooperative services and by allowing the cooperative to retain any money collected in excess of actual operating costs. The money is used to build and maintain the facilities needed to serve the cooperative's members and to service long-term debt. This money is considered to be capital furnished by the members—capital that will be returned to the members at a later date. While the cooperative uses the money, members’ capital credits are considered "allocated" but not "retired."

Because members may receive capital credits at some time in the future, it is imperative that they keep the co-op informed of current and future addresses.

When are capital credits returned to members?

Capital Credits are retired at the discretion of the board of directors as long as the financial condition of the cooperative will not be impaired. As the cash position allows, the board votes to retire and return to members a portion of their allocated capital credits. These payouts are returned according to a retirement schedule and include a percentage of all the outstanding distribution capital credits.

What should a member do if they move away from Bon Homme Yankton Electric's service area?

If members discontinue service with Bon Homme Yankton Electric, they should notify the cooperative of any subsequent address changes so that any capital credit refunds can continue to be sent. Please note that members do not receive lump sum refund checks upon discontinuing service with Bon Homme Yankton Electric. Capital credit refunds are usually made on an annual basis upon board approval and according to the financial condition of the cooperative.

What happens to the capital credits of a deceased member?

Bon Homme Yankton Electric also needs to be notified by a relative or other legal representative when a member of record passes away so that the account can be put in another person’s name or closed. Bon Homme Yankton Electric will refund the deceased member’s capital credits to their estate in a lump sum payment if the account was listed solely in the member's name and is closed.

Affidavit of Address Form - Print, Complete, Notarize, Mail

Questions about capital credits? Contact our office at (605) 463-2507

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Contact Us

PO Box 158
134 S Lidice St
Tabor, SD 57063

Phone: (605) 463-2507
SD Toll-Free: (800) 925-2929
Fax: (605) 463-2419

Office Hours: Monday-Friday 7:30am-4:00pm

Our Co-op Partners

East River Electric

Basin Electric Power Cooperative

South Dakota Rual Electric Association

Safe Electricity.org Member Badge

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©2023 Bon Homme Yankton Electric. All Rights Reserved.

  • Home
  • My Account
    • Payments & Billing
      • Payment & Billing Options
      • PrePay Program
      • Budget Billing
      • Energy Assistance
      • Deposits & Fees
      • SmartHub Tutorials
  • My Energy
    • Energy Efficiency
      • Load Management
      • Rebates & Incentives
      • Agricultural & Commercial Rebates
      • REC Program
      • Residential Solar
      • Energy Tips and Resources
    • Co-op Services
      • Electrical Department
      • Electric Grills
      • Security Lights
      • Internet Service
  • Safety
    • Resources
      • Call Before You Dig
      • Farm Safety
      • Power Line Safety
      • Emergency Preparedness
      • Generator Safety
      • Tree Trimming Safety
      • Electricity Safety For Kids
  • News and Community
    • Co-op News and Events
      • Cooperative Connections Magazine
      • My Co-op News
      • REED Fund
      • Operation Round Up®
      • Co-op Connections® Card
      • Basin Tour
    • Youth Programs
      • Scholarships
      • Youth Tour
      • Youth Excursion
      • Touchstone Energy Scholar of the Week
  • My Co-op Membership
    • Governance
      • Board of Directors
      • Member Information & Cooperative Bylaws
      • Capital Credits
      • Annual Meeting
    • About the Cooperative
      • Our History
      • Staff & Employees
      • Where Your Electricity Comes From
      • Mission, Vision, & Principles
      • About Touchstone Energy
      • ACRE
      • Employment Opportunities
      • Nondiscrimination Statement
  • Contact Us