capital credits

To Roger Rhonemus, it’s almost like a Christmas bonus.

Every year for about 20 years now, Rhonemus, who farms 800 acres of corn, soybeans, and hay in Adams County, looks forward to receiving his capital credits check from Adams Rural Electric Cooperative.

Two decades ago, Rhonemus, 60, used those annual checks, which typically go out to Adams REC members each November, to buy Christmas presents for his three children. Now that the kids are grown with families of their own, he uses it to buy presents for his eight grandchildren. And he couldn’t be happier.

Electric co-ops were established to provide electricity to people living in rural communities. Folks in rural America had been mostly ignored by electric companies that didn’t see enough potential profit to run electric lines into the country. In the 1930s, a public-private partnership was forged to provide the large capital investments needed to build and operate rural electric systems.