Unclaimed Capital Credits
Oregon Trail Electric Cooperative hereby gives notice.
UNCLAIMED PAYMENTS OF CAPITAL CREDITS OWED TO THE NAMED PERSONS ON RECORD. Such unclaimed capital credits have been available since December 31, 2013.
Application for re-issuing funds owed may be made at your local OTEC office or 4005 23rd Street, PO Box 226, Baker City, Oregon 97814. Unless those persons named or their heirs claim payment no later than January 31, 2018, the unclaimed funds will be forfeited to the Cooperative or, where required, forwarded to the Department of State Lands.
Historically, the Board of Directors has contributed the amount of the forfeited funds to the Oregon Trail Electric Cooperative Scholarship Fund to benefit those served by the Cooperative.
As required by law, and pursuant to OTEC Bylaws, OTEC will “publish notice of the redemption” [i.e., forfeiture] of unclaimed capital credits in the leading Baker County newspaper of general circulation, for four consecutive months, simultaneously notifying the public to go to the OTEC website (www.otecc.com/members/unclaimed-capital-credit) to see if they, or someone they know, have unclaimed capital credits.
If you know someone named on the list, please have them contact their local OTEC office to update their account and apply for their unclaimed capital credits.