KALISPELL, Montana – Flathead Electric Cooperative is pleased to announce its 2023 Scholarship Program recipients. A total of $118,000, funded by the Co-op’s unclaimed capital credits, was awarded to local students this year.
Despite the Co-op’s best efforts to return capital credits to members, many go unclaimed. Most commonly, members move and do not provide the Co-op with their new mailing address. The state of Montana allows not-for-profit electric cooperatives to use capital credits that go unclaimed for five or more years for educational purposes in their service area, rather than the money rolling into Montana’s General Fund.
Scholarship awards funded by these unclaimed capital credits range in value from $1,500 to $6,000. Recipients must attend an accredited college in Montana, and they or their parent or guardian must be a member of Flathead Electric Cooperative. A committee comprised of the Co-op’s Board of Trustees, Co-op staff, and dedicated community members reviews scholarship applications and determines recipients each year. A list of the 26 winners follows below.