Capital Credits

As a non-profit cooperative, Stearns Electric Association is jointly owned by its members.

Unlike investor-owned utilities which are designed to make a profit for shareholders, Stearns Electric Association refunds capital (money), above the cost of operations, to its members in the form of “Capital Credits.”

Based on the cooperatives financial status, Capital Credits are distributed every year (typically November) in the form of checks to our members. Capital Credit payments are quantifiable proof that as a member of Stearns Electric Association you are an owner of a successful effective organization.

To date, we have distributed more than $25 million in Capital Credits to our members!


Unclaimed Capital Credits

Each year Stearns Electric Association has funds that were not claimed or were returned by the Post Office as undeliverable. We need your help in locating former members.


Unclaimed Capital Credits can be related to funds that were not large enough to meet the check minimum of $10.00 per Board policy.


Search our list of unclaimed Capital Credits here.


For Questions Contact:

Stearns Electric Customer Service

Phone: (320) 256-4241 or Toll-free: (800) 962-0655

Fax: (320) 256-3618