The Moon Lake Electric Association will hand out more than $1.3 million in refunds during its annual membership meeting Saturday, March 28.
The checks represent each member's 1977 capital credits, or 5.4 percent of the member's total accumulated capital credits through 1990, whichever is greater.All members are encouraged to attend the meeting at 1 p.m. at Union High School.
"Moon Lake Electric is owned by its member-consumers, and one way ownership is reflected is through capital credits," explained Grant J. Earl, Moon Lake general manager. "Those members who aren't able to attend the annual meeting will receive their check in the mail."
In addition to the patronage refund, members in District 5 will have an opportunity to elect one director to the cooperative's board.
So far Moon Lake has received approximately 300 ballots returned by mail. Earl urged District 5 members to return their ballots. They will be accepted until 4:30 p.m. Friday, he said. District 5 members will also have an opportunity to vote during the business meeting.
Guest speaker for the business meeting will be Bob Bergland, executive vice president and general manager of the National Rural Electric Cooperative Association in Washington, D.C. Bergland is a strong advocate for rural America and served as a U.S. representative and secretary of agriculture under Jimmy Carter.