Each year, United Power attempts to issue Unclaimed Capital Credit Refunds to members who may have moved, changed account numbers or changed names on their account. If your name appears on the Unclaimed Capital Credits list, you may be eligible for a refund from United Power.
Who May be Eligible to Claim a Refund?
If you were a United Power member for any period of time through December 31, 2018 AND
have moved out of the United Power service territory AND
you were issued a capital credit retirement check in 2019 or earlier that you did not cash.
If you are the family member or estate representative of a deceased member who had an uncashed capital credit retirement check issued in 2019 or earlier.
- If you are a current member who:
- Changed your name;
- Added your name to an existing account;
- Or did not cash a capital credit retirement check issued in 2019 or earlier.
My Name is on the List. How Do I Claim My Refund?
If you find your name on the list of Unclaimed Capital Credit Refunds, download and complete the Unclaimed Retired Capital Credit Refund Request form. Submitting a form does not guarantee a disbursement will be made. Proper documentation and valid proof of membership during the applicable time period is required.
Refund Request Forms must be received by United Power by April 28, 2023.
After United Power receives your completed Unclaimed Retired Capital Credit Refund Request form, it may take up to eight weeks for us to research and process your claim. If your claim is accepted, you will receive a capital credit check. If your claim is denied, you will receive a letter explaining why the claim is not being accepted.
No refund checks will be issued for unclaimed retirement amounts below $5. Unclaimed retired capital credit refunds can be donated to the United Power Round Up Foundation, which provides assistance to community organizations within the cooperative's service territory.
After the notification period closes on April 28, 2023, all unclaimed retired capital credits for the applicable time period will be considered an assignment and contribution of capital to United Power.
United Power’s bylaws outline the procedure for notifying customers. United Power’s bylaws can be found here. Once these requirements have been met the unclaimed capital credits will revert to the cooperative and the outstanding capital credit account will be considered closed.