In accordance with Idaho Code and the By-Laws of the cooperative, the Unclaimed List is a list of members who have not claimed their Capital Credit retirement authorized by the board of Directors of Idaho County Light & Power Cooperative Association, Inc. and is due to them.
Any person included in the list or any person possessing a valid interest in the unclaimed property of someone included in the list may contact the cooperative for information regarding the unclaimed property by phoning the Cooperative at 208-983-1610 or toll free at 800-212-0424; by sending written request to the mailing address: P.O Box 300, Grangeville, ID 83530-0300; or by personally appearing at the cooperative's office located at 1065 Highway 13, Grangeville, ID 83530.
All unclaimed property is held by the Cooperative in compliance with Idaho Unclaimed Property Act. Members or their heirs may request the unclaimed property and assignment of any remaining Capital Credits on the books of the Cooperative by submitting the Application for Transfer of Capital credits, completed and notarized, to the cooperative at the address shown above.
Idaho County Light and Power Cooperation is a not-for-profit electric cooperative. If you receive electric service from ICL &P, you are a member of the cooperative.
One of the benefits of a being a member is patronage capital credits. Patronage capital credits comes from margins, or money left over at the end of the year after all expenses have been paid. These margins are allocated to each member's capital credits account based on how much electricity the member purchased that year. The allocated margins are retained and used by ICL&P for operating capital. This reduces the amount the cooperative has to borrow.
Each year the Board of Directors determines if the cooperative is financially able to pay prior years' capital credits back to the members. When so approved, the cooperative refunds designated prior year's capital credits, by check to inactive accounts or a credit to active accounts, to members who used electricity during the designated years.
Even if you move and are no longer a member of the cooperative, the capital credits remain in your account. Be sure to update your address with ICLP& if you move so we can send future capital credit checks to the correct address.