Since 2009, at least 14 cases have been filed against electric cooperatives over patronage capital (or capital credits) in eight states: Alabama, Arkansas, Georgia, Missouri,… Read More »Arkansas water co-op heads to court to settle dispute over capital credits
capital credits litigation
USDA Magazine Article Discusses Management of Capital Credits and Patronage Dividends The USDA publishes a bi-monthly magazine, Rural Cooperatives, which covers various issues encountered by… Read More »USDA Magazine Article Discusses Management of Capital Credits and Patronage Dividends
This guest post is from CFC’s February 11, 2013 CFC Solutions Newsletter (Vol. 15, No. 6).
FROM THE CFO’S DESK
Enacting a Capital Credits Policy Change
Read More »Guest Post: Enacting a Capital Credits Policy Change
AHC attorneys have been closely following lawsuits against cooperatives’ capital credit management. We recently developed an updated summary of the cases. Take a moment to review the summary by clicking here.Read More »Updated Capital Credits Litigation Summary
A new class action lawsuit was filed on behalf of deceased members of South River Electric Membership Corporation, based in Dunn, N.C. The complaint centers around the electric cooperative’s practice of discounting the capital credits of estates to present value, a common practice by many cooperatives.