A rural electric cooperative is a nonprofit business that exists solely to provide its members with electricity. The members of a cooperative are the shareholders. Because of that, when the cooperative takes in more money than is needed to operate the business (margins), the members are entitled to a share (allocation). This allocation is based on the amount of energy used during the year. The more you buy, the higher your share of equity. When KIUC’s finances permit and upon approval by the Board of Directors, the money is returned to the members in the form of patronage capital retirement (refund). The remaining patronage capital is used as member equity.

Even if you close your KIUC electric account, your accumulated patronage capital equity will remain in your name. It's important to keep KIUC informed of your current address so that you will receive a check when the Board of Directors vote to do a general retirement.

Request for Unclaimed Patronage Capital Refund

In past years, KIUC issued checks to members, so it’s possible some members forgot to cash the check or accidentally threw it away. Every year, KIUC publishes a list of members to whom we owe a patronage capital refund. If your name appears on the list, you must apply for a refund. Please complete the refund form below and provide a copy of picture ID as proof the person requesting the refund is the same as the account holder.

You can mail in the form or bring it in to our office. If you have questions about patronage capital, please call 808.246.4300.

Please allow 45 business days for us to process your request.

Request for Patronage Capital Refund Form  Patronage Capital List