McDonough Power operates as a not-for-profit business, owned by the member-consumers we serve. When you pay your bill each month, you are accumulating equity in your cooperative through capital credits allocation. Margins in excess of the cost to serve members are utilized as operating capital. When the cooperative realizes a positive margin (excess of income over expenses), the margins are allocated through a capital credits system according to each member’s usage. You will receive an allocation notice each year that you have service with us.
Members are assigned an individual capital credit account, separate from their billing account. Capital credits are refunded periodically when the board determines that it will not jeopardize the financial condition of the cooperative. When capital credits are refunded, we will post a credit to your account (or mail a check if you no longer have an active service) to you at the address we have on file. To ensure that you get your capital credits check, please make sure that your mailing address is up-to-date. If you are no longer on our lines or plan to move off of our lines, please update your forwarding address.
If a former or current cooperative member has passed away, McDonough Power needs to be contacted by a relative or other legal representative so that the remaining funds in their capital credit account can be properly disbursed. For more information or if you have any questions, please contact our office at (309) 833-2101.
Unclaimed Capital Credits
When a distribution of Capital Credits is made, former members of the Cooperative cannot always be found. When this happens, these Capital Credits are placed in an Unclaimed Capital Credits account. You, someone you know, or someone you are related to, may have undistributed Capital Credits due.
On October 2026 we launched an Unclaimed Capital Credit list. You may have capital credits eligible for refund. If you find the name of a deceased relative and you are the executor or heir of their estate, there may be capital credits eligible for payout with the requirement of additional documentation.
Please contact our office during our normal business hours of 7:00 a.m. to 4:00 p.m., Monday-Friday, by phone at 309-833-2101, for more information or assistance.