Unclaimed Patronage Refunds
Wharton County Electric Cooperative is attempting to locate the following people (or their heirs) who received patronage refund checks in August of 2022. These checks were mailed to those listed below but were returned to the co-op.
The cooperative is aware that some of the members listed may be deceased. However, we are looking for surviving family members who are eligible to receive the patronage refund check. If you are on the list below or are the surviving spouse or legally-documented trustee/executor of a member listed, contact WCEC’s Manager of Accounting at 979-543-6271.
- Rosita Acuna
- Esperanza Aguilar
- Lorrainme Alvarado
- Jose A Arrollo
- Alice Avendano
- Charlene Bustamante
- Ulysha David
- Ronald Eichorn
- Leticia M Galvan
- Sylvia Garcia
- Amber Garza
- Rony A Gomez
- Brenda Gonzales
- Chachi L Gonzales
- Robert Gonzales
- Neill Janik
- Raymond Korenek
- Frank J Krenek Jr
- Leticia M Leal
- Kimberly Longoria
- Patricia A Martinez
- Wayne Martinez
- Alannah L Mason
- Faith Rivera
- Jose M Rojas
- Crystal A Rose
- James O Self
- Paul Tsika
- Kaylan S Villanueva
- Christina M Zuniga
What is a Patronage Refund?
One of the major benefits of being a cooperative member is receiving a patronage refund, which is like money back from your power company.
Money remaining after WCEC’s bills are paid each year is known as margins (it is the margin between income and expenses). This money is used for capital expenditures, such as building or replacing lines and is not paid back immediately. This becomes your investment or equity in the company. In a for-profit company, this money would be called profit. In a cooperative, we call it capital credits because this money belongs to you, not to the cooperative. To be a true nonprofit cooperative, this money is returned to you as a patronage refund.
Patronage Refunds are usually issued once every two years. The amount refunded is determined by our Board and is a percent of the total in your capital credit account.
You will see this as a credit on your electric bill if you are a current member. If you are a past member who is owed a patronage refund, you will receive it as a check.