ECI REC Returns $500,000 to Members—$4,761,419 Returned Since 2003
|Look for the deferred patronage dividend line on you June bill. You should see a credit if you were a member receiving electricity in 1994 or 2006.|
If you were a member receiving electricity from East-Central Iowa REC in 1994 and 2006, you should see a credit on the electric bill that you receive around the middle of June. This credit represents your share of the deferred patronage dividends (profits) that the Cooperative earned in 1994 and a portion of those from 2006.
With the exception of 2007, when ECI REC suffered extensive damage from a winter ice storm, the Cooperative has returned at least $500,000 in patronage dividends to members each year since 2003. From 2003 through this year, ECI REC has returned a total of $4,761,419 to members.
If you do not receive a credit on your June bill, you did not receive electric service from ECI REC in 1994 and 2006. Call the Urbana office at 877-850-4343 or 319-443-4343 if you have any questions.