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Corn Belt Energy to return $9 million in credits to members

By Wordpress Admin User Jun 19, 2017 | 12:09 PM

Corn Belt Energy members elected (left to right) Jerry Starkey of Le Roy (District 1), Rae F. Payne of Bloomington (District 1), Albert Hagenbuch of Utica (District 8), and Dennis Fredrickson of Victoria (District 6) to three-year terms on the cooperative’s board of directors. (Photo courtesy Corn Belt Energy)

By Greg Halbleib

BLOOMINGTON – Corn Belt Energy plans to distribute $9 million in credits to its members.

The energy cooperative’s leaders formally announced the retired capital credits during its 79th annual business meeting on Friday in Bloomington. The credits begin in August. Credits are returned to members periodically as the cooperative’s financial condition allows. Nearly $40 million has been distributed to members since the cooperative was formed in 1938.

More than 1,400 Corn Belt Energy members and families attended the annual meeting at Central Catholic High School.