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FEC to issue capital credit checks totaling almost $300,000
Posted By Tammy Huffman On November 26, 2008 @ 12:47 pm In Headline News | No Comments
The Board of Directors of Farmers’ Electric Cooperative has unanimously voted to issue capital credit checks totaling nearly $300,000 to the member-owners of the cooperative.
"As a member-owner of Farmers’ Electric, one of the seven cooperative principles is that of economic participation by the member-owners," said Mike Sanders, FEC CEO. "As an owner of the cooperative any margins, or profits, that we make are allocated back to our members based
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