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Patronage Dividends

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  3. Patronage Dividends
Patronage Dividend Explainer

Your electric cooperative is different from other utilities because it is a not-for-profit business.  Funds remaining after expenses are called margins or patronage capital and are reinvested in providing you and your community the best possible service.  As new funds continue to come in they replace old funds that are then paid back to you in the form of a patronage dividend check.

Payment is based on the amount of electricity you have purchased.  While checks aren’t issued the same year they are earned, the margins are used to keep your rates lower than they might be if large sums of money had to be borrowed from other sources.

Even though your check may be just a few dollars it is one way Maquoketa Valley Electric Cooperative gives back to you, its members and supports the success of our communities.

It is the policy of the Cooperative to refund patronage dividends to estates of deceased persons who were patrons of the Cooperative.  Please notify us if you know of a member or former member who has passed away.

Please keep the Cooperative informed of your current address to assure notification of margin allocations and patronage dividend payments.  If you feel you are owed a dividend please call 1-800-927-6068.

If your name is on the list you have uncashed patronage checks issued in 2017. Please call 1-800-927-6068.

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Contact Info

Maquoketa Valley Electric Cooperative

109 N Huber Street ♦ Anamosa, IA 52205-1453

Phone: 319-462-3542 ♦ 800-927-6068

Fax: 319-462-3217

 

 

About Us

We are one of the largest electric cooperatives in the state, providing electric and internet/phone services to 14,000 members in nine east central Iowa counties.  With more than 80 years of experience serving local communities, we continue to provide 24/7 service that is safe, affordable, and reliable. Learn more

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©2021 Maquoketa Valley Electric Cooperative. All Rights Reserved.

  • My Co-op
    • About MVEC
      • Contact Us
      • Profile
      • Board
      • Staff
      • Annual Meeting
      • Governance
      • Newsletter
      • Employment
      • Power Source
    • Community
      • Events
      • Education
      • Economic Development
      • Touchstone Energy
  • My Membership
    • My Account
      • Pay Electric Bill
      • Pay Internet Bill
      • My Electric Usage
      • Understanding My Electric Bill
      • Payment Options
      • Patronage Dividends
    • Programs
      • RECare
      • Rebates
      • Security Lights
      • Level Pay
  • My Service
    • Report Outages
    • Start/Stop Service
    • How Service Is Restored
    • Power Outage Tips
    • Tree Trimming
    • Adding Load
    • Stray Voltage
    • Fiber Equipment
  • Energy Center
    • Energy Savings
      • Rebates
      • Save Energy
      • Beneficial Electrification
      • Energy Assessment
      • Live Weather
    • Renewables
      • On Site Generation
      • Watts Green
  • Safety
    • Call Before You Dig
    • Move Over Slow Down
    • Electric Safety
    • Farm Safety
    • Tractor Safety
    • Grain Bin Clearance
    • Safety Quiz
    • Gas Tank Clearance/Location
    • Storm Safety
    • Tree Planting Safety
    • Tree House
  • MVlink Internet/Phone
    • General
      • Sign Up
      • Residential Price Packages
      • Business Price Packages
      • Telephone Service
      • Service Area Map
      • Mvlink News
      • FAQ
      • WiFi Router
      • Mesh Unit
    • My Account
      • Broad Hub
      • Policy