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- The co-op keeps a record of all capital credit checks that are not cashed.
- Claims on these accounts can be made indefinitely, but after three years, unclaimed amounts must be transferred to the Texas Unclaimed Property fund.
- Some of these unclaimed funds are returned to the co-op to be used for scholarships and economic development.
- Using these proceeds, the Central Texas Electric Scholarship Fund has been able to support higher education for co-op members and their families who live within the co-op’s service area.
- These funds have also given rise to the co-op’s Economic Development Fund, which helps promote economic development within the co-op’s service area.
