TVEC Sends $1.2 Million in Unclaimed Refunds to State
Each year, Trinity Valley Electric Cooperative and other businesses are required to turn over unclaimed funds to the State of Texas. For TVEC members, this means that any unclaimed capital credits refunds from 2015 and before can be found on the Texas Comptroller’s official unclaimed property clearinghouse at claimittexas.org.
This year, TVEC sent more than $1.2 million in capital credit refunds to the state from unclaimed 2015 capital credit refunds.
“This is not our money, and after a certain amount of time and due diligence to get these refunds back to their rightful owners, the state requires that we send it to them,” said Bobby White, TVEC director of accounting and finance. “We encourage everyone to visit the ClaimitTexas website to see if they have outstanding refunds, and of course, please keep us updated with any address changes so that we can get the money to them for any future refunds.”
If you have any questions about capital credit refunds, or to update your contact information, please contact our member services department at 800-766-9576 or email memberrelations@tvec.coop.
