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Watch for Dividend Allocations on your April-May bills

Monday | February 27, 2023
All News

What is the difference between dividend allocations and dividend payments?

Receiving a dividend payment is one of the primary benefits of being a member of Access Energy Cooperative. Organized as a cooperative, we are owned and operated by our members, and do not exist to earn profits.  Instead, any revenues above the cost of doing business during a given year are considered “margins”. 

Each year, these margins are allocated to each member’s dividend account based on their usage for that year.  On your April or May bill, there will be a statement showing the amount of patronage dividends being allocated to your dividend account for 2022. The image below shows where you can find it on your bill.

The following month, the Board reviews the cooperative’s current financial condition. They determine if it is favorable to retire dividends from members’ accounts, and if so, how much will be retired. Dividend checks are then prepared to be handed out at the annual meeting of members on August 1st. Any check not picked up at the meeting will be mailed.

Members now have the option to choose to receive their dividend payments in the form of a bill credit, rather than a check. If you wish to set your dividend account up to receive a bill credit instead of a check, please contact our office at (866) 242-4232 or send an email to finance@accessenergycoop.com.

Members who have closed their account with the cooperative have the option to receive the amount in their dividend account as a discounted lump sum payment or choose to receive payments at the normal retirement cycle which is currently 22 years.  If you close your account and are interested in receiving a lump sum payment, please contact our office at (866) 242-4232 or send an email to finance@accessenergycoop.com.

If you have a change of address, please keep the cooperative informed of where your dividends can be sent to. To update our address, submit questions, or receive further information about patronage dividends, click here to send us an email, or contact our finance department at 1-866-242-4232 or send an email to finance@accessenergycoop.com.

$25 bill credit drawing will be held May 31st.

Each member who is signed up by May 31st to receive 2023 and future dividend payments as bill credits, in lieu of checks, will be entered into a drawing to receive a $25 bill credit. If you are already signed up, you do not need to sign up again. 

 

 

 

 

 

Dedicated to exceeding member's expectations for safe, reliable, efficient service while being a good citizen in our communities.

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1800 West Washington Street 

P.O. Box 440

Mount Pleasant, IA 52641

To REPORT AN OUTAGE CALL

319-385-1577 | 866-242-4232

Access Energy Cooperative is an equal opportunity provider, employer and lender. To file a complaint of discrimination write USDA, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call 800-795-3275 (voice) or 202-720-6382 (TDD).

©2023 Access Energy Cooperative. Safe, reliable, efficient service and a good citizen in our communities.

  • Home
  • My Cooperative
    • About AEC
      • About Us
      • Our Staff
      • Board of Directors
        • How to Run for the Board of Directors
          • Nomination Process Begins for 2021 Board Election
      • Monthly Magazine
      • Service Area
      • Annual Meeting
        • Election of Directors
      • Cooperative Principles
      • Where Does Your Power Come From?
      • History of Co-ops
      • About Touchstone Energy
      • Employment Opportunities
    • Policies
      • Articles of Incorporation
      • By-Laws
      • E-Business Privacy Policy
      • Identity Theft Protection
      • Privacy Policy
      • Rights and Remedies
      • Statement of Nondiscrimination
    • Member Info
      • Dividends
        • Treasure Hunt
      • What does it mean to be a member?
  • Your Account
    • Payment Options
      • Bank Draft
      • Budget Billing
      • Credit/Debit Card Payments
      • Payment Drop Box
    • Billing
      • Your Meter
      • Questions About Your Bill
      • Understanding Your Bill
    • IA Energy Assist Program (LIHEAP)
    • Moving/Address Changes
    • Rates
    • Dividends
  • Residential & Business
    • Residential
      • Residential Rebates
      • Rates
      • Products Available
      • Financing
      • Energy Audits
      • Energy Saving Ideas
    • Business
      • Business Rebates
      • Rates - Commercial & Industrial
      • Power Quality
      • Services
        • Business Energy Audits
        • Thermal Imaging
        • Questline
        • Business Energy Advisor
        • BizConnections
        • Energy Saving Ideas
  • Safety
    • General
      • Blinking Lights
      • Restoring Power
      • Safety Tips
      • Maintenance Programs
      • Safety Equipment
      • Safety Quiz
      • Frequently Asked Questions
    • Safety Policies and Procedures
      • Grain Bin Clearance
      • Tree Trimming
      • Call Before You Dig!
  • Community
    • Legislation
      • Current Legislative Issues
      • National Legislative Issues
      • Contact Your Legislators
    • Economic Development
      • Economic Development Partners
      • Revolving Loan Fund
    • News
      • Coop News
  • Co-op Programs
    • Programs for Youth
      • Access Energy Cooperative Scholarship Program
      • Summer Work and Internships
      • Youth Tour Contest
      • Kids Zone
    • Tools For Schools
      • Teachers Zone
      • Get Charged!
      • Safety Demonstrations
    • General
      • Photo Contest
      • RECare
      • Co-op Connections
      • Together We Save
      • Lineworker Scholarship Application
    • International Assistance
  • Going Green
    • General
      • A Balanced Fuel Mix Promotes Power Reliability
      • Electric Vehicles
      • Energy Saving Ideas
      • Programs to Help You Save Energy
      • Access to Green Energy Program
      • Environmental Partners
      • Rebates and Low Interest Loans
      • Solar Energy Generation
    • Wind Energy Info
      • Questions to Ask Vendors
      • Small Wind Systems
      • Tariff Requirements
      • Ten Steps to Wind Systems
      • Wind FAQs
  • Outage Center