10/19/2026
You may have received some happy mail from us this weekend! Did YOU get happy mail??
Capital credit checks are arriving in mailboxes and we've received some great questions. Let's clear up a few things!
First of all and the most popular question... “I got a check from New-Mac. Is it legit?”
YES! And it's one of the benefits of being a member of an electric cooperative!
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#2 What are capital credits?
Unlike investor-owned utilities, New-Mac is a not-for-profit electric cooperative. When revenues exceed the cost of providing electricity, those margins are allocated back to our members as capital credits.
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#3 Why did I receive a check?
Each year, New-Mac's Board of Directors reviews the cooperative's financial position and votes on how much of those capital credits can be returned to members. This is called a capital credit retirement.
For 2026, the Board approved the retirement of:
• 20% of your 2025 capital credit allocation
• The remaining 2004 capital credit allocations
• 25% of your 2005 capital credit allocation
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#4 I have a capital credit balance. Why didn't I receive the full amount?
Your capital credit balance represents the total amount allocated to you over the years that hasn't yet been returned.
Think of it this way: Your balance is what has been allocated to you, while your check represents the portion approved for payment this year.
The remaining balance stays on our records and is eligible for retirement in future years as approved by our Board of Directors.
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#5 Why is my check a different amount than my neighbor's?
Capital credits are based on each member's electric usage and the cooperative's margins during the years being retired. Because everyone's usage history is different, check amounts will vary.
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#6 I don't have New-Mac anymore. Why did I receive a check?
Capital credits belong to the members who earned them! Even if you've moved or no longer receive electric service from New-Mac, you may still receive a check for capital credits allocated during your membership.
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#7 Why not just return all the capital credits at once?
Capital credits also help support the financial stability of your cooperative. Retaining a portion allows New-Mac to maintain and improve our electric system while reducing the need to borrow money. Each year, our Board carefully considers how much can be returned while continuing to provide reliable, affordable electricity.
That's the cooperative difference!
At New-Mac, you're more than a customer. You're a member-owner. Returning capital credits is one of the ways we put that ownership into action.
Have more questions? Drop them in the comments! We're always happy to help our members better understand how their cooperative works. 💚
Benefits of Being a Member As a member of New-Mac Electric Cooperative, you share in the cooperative's success through capital credits. Unlike investor-owned utilities, New-Mac operates as a not-for-profit cooperative. When revenues exceed operating expenses, the remaining margins are allocated to m...