One of the best benefits of being a co-op member are member credits. PVREA is a not-for-profit business, meaning we operate at cost. When we make more money than we need to keep the lights on safely, affordably and reliably, we return it back to you in the form of member credits. This means after all co-op expenses are paid, any additional money we earn goes back into our community, instead of going into a shareholder’s pocket, which makes us different!
This year, the PVREA Board of Directors is returning $3 million in member credits to members. That brings the total amount of member credit returns issued annually in the past six years to over $20 million!
This month, current members during the years 1993, 2004 and 2019 or any combination of those years, will receive their credits on their September bill. If you are a previous member, and have built up at least $10 worth of member credits, a check will be mailed to you. Be sure to keep us informed of any mailing address changes.
Many of the credits paid back are substantial dollar amounts and pumps money back into our local economy. Some of our largest energy users are local businesses, school districts, municipalities and large manufacturing companies who support our local community; the financial impact of those organizations’ member credits is quite significant to them and the community they serve.
This is just one of the ways PVREA is different from other local utilities. We dare to be different! To learn more about member credits and to watch a video on how it works, visit www.pvrea.coop/member-credits.