United Returns $4.7 Million to Membership
United Cooperative Services on Oct. 10, 2014, distributed member dividends (also called capital credits) totaling $4.7 million to current and former member-owners in parts of 14 counties adjacent to the Dallas-Fort Worth Metroplex. For more than 30 years, United’s Board of Directors has elected to allocate member dividends. As a result, approximately 50,000 member accounts will be the beneficiaries of a member dividend check and more than 24,000 member accounts will have their member dividends applied to their October bills. Additionally, active members in 2013 saw their equity increase in the amount of 9.08 percent of billed electric service.
“Since 2000, United has distributed more than $50 million in member dividends,” said United CEO Ray Beavers. “These member dividends represent the member-owners’ return on equity in United Cooperative Services,” he added.
When members pay their electric bill each month, they’re not only paying for the reliable service, but investing in the company in which they own. As a result of that equity stake in the business, United members share in cooperative margins. After paying for all operating costs for the fiscal year, members may receive a part of the money left over, which comes in the form of a member dividend check or credit on their bill if less than $20.
Electric cooperatives presently have only one primary source of equity capital, that which is contributed by the members. Member equity is the essential tool for United to build, maintain and upgrade the facilities necessary in providing reliable, affordable electric service to the cooperative’s membership.
“Receiving a member dividend demonstrates how this electric cooperative is united with and committed to its members,” said Beavers. “We consider it a privilege to serve our membership and will continue to do so with integrity, accountability, innovation and our longstanding commitment to community,” he added. “United’s electric rates have a history of being among the lowest in Texas—something the co-op hopes its members are as proud about as United’s 153 employees and the seven board members who direct the policies that exemplify what a member-owned electric cooperative embodies,” said Beavers.
2014 Annual Meeting Slated for October 25 at Glen Rose High School
United’s Annual Meeting will take place Saturday, Oct. 25 at Glen Rose High School. In addition to the Health Fair, activities for the kids and the business meeting, more than $3,000 in door prizes will be given away. Over 1,500 members and family members have RSVPed that they’ll be in attendance for a light lunch. The schedule is as follows:
10 a.m.-12:30 p.m.: Health Fair
11 a.m.-12:30 p.m.: Light Lunch
12:15 p.m.-1:15 p.m.: Entertainment (Sean Mitchell & Big City Music Revue)
If members plan to attend, and haven’t already RSVPed via their mail-in ballot, please go to our contact us page HERE and let us know how many will be in your party so that we have an accurate head count. Thanks and we look forward to seeing everyone there!
Members Have Access to HVAC Filters at Steep Discounts
A few minutes. That’s all the time it takes to change your home’s air filter and start saving money on your energy bill. If checked and changed regularly, you could realize $70-$100 a year in energy savings. Plus, United has arranged for members to get up to 50% off of new HVAC filters by purchasing online HERE..
Free Energy Audit Can Lead to Energy Savings
When temperatures get low, energy use gets high. Weather plays the most significant role in energy use. Whether your home isn’t tight or your heating and cooling system isn’t running as efficiently as it should, ask us to perform a free home energy audit to learn which areas in your home waste energy and how to resolve those issues. Click HERE to sign up for your free on-site analysis. United Cooperative Services…Looking Out For You.
Whether it’s paying your bill online, learning innovative ways to save energy, or preparing for your energy future, United stands ready to be the energy expert you and your home can depend on.
Nothing says cooperation like having an electric utility that’s prepared to provide the energy expertise necessary to thrive in today’s economy.
Time is precious. At United, we’re prepared to help builders and developers work through the challenges of scheduling and finalizing projects in the professional manner you deserve.