JEFFERSON, Iowa—Every year, Midland Power Cooperative sends out thousands of Patronage Dividend checks to members. And, every year, hundreds of those checks remain unclaimed. To combat this, Midland Power is introducing its Check for the Check campaign, to remind members to look for the dividend checks in their mail around the first of December.
Last year, Midland Power Cooperative issued a total of 7,564 checks to members. of these, 187 came back unclaimed. This year, Midland Power will be sending out roughly 8,755 patronage dividend checks. Members getting less than $10.00 will instead receive a bill credit on their account for December.
Since 2007, the cooperative has distributed more than $3.5 million in patronage dividends to members.