# Victory Electric Cooperative Association Victory Electric Cooperative Association is a Corporate Investor based in Dodge City, United States. ## Overview - **Organization type:** Corporate Investor - **Headquarters:** Dodge City, United States - **Region:** North America - **Address:** 3230 N. 14th Avenue, Dodge City, KS 67801, United States - **Founded:** 1944 - **Assets under management:** Undisclosed - **Website:** victoryelectric.net - **LinkedIn:** https://www.linkedin.com/company/victory-electric-cooperative-association ## Regulatory record - **Reports private funds:** No ## About Victory Electric Cooperative Association was founded in 1944 as part of the New Deal-era rural electrification push, bringing power to farms and small towns in southwest Kansas that investor-owned utilities had bypassed. Today the cooperative serves members across Ford, Gray, Kiowa, Edwards, Hodgeman, Finney, Haskell, Meade, and Clark counties from its headquarters in Dodge City. Shane Laws serves as CEO and Angela Unruh as CFO. Victory Electric functions as a distribution cooperative — it owns and maintains the local poles, wires, and substations that deliver electricity to end users. It does not generate its own power. Instead, it purchases wholesale electricity from Sunflower Electric Power Corporation, a generation-and-transmission cooperative, and passes those costs through to its members. The cooperative's investment posture is infrastructure-heavy: its balance-sheet assets consist of a commercial headquarters building in Dodge City and an electrical distribution network across its nine-county service territory. It participates in mutual-aid agreements with municipal partners, including the City of Montezuma, and belongs to the Kansas Electric Cooperatives statewide association and the National Rural Electric Cooperative Association. Capital allocation follows the cooperative model. Revenue that exceeds operating costs and reserves is allocated to members as patronage capital and eventually retired as cash refunds — a mechanism that makes every consumer-member an equity holder. The Victory Electric Foundation serves as the philanthropic arm, funded by cooperative revenues. The firm does not operate separate investment vehicles or participate in external fund commitments. Its scale is measured in physical infrastructure and meters served rather than in financial AUM. Structurally, Victory Electric is a member-governed utility — it answers to a board of directors elected by its consumer-members, not to external shareholders or private-equity sponsors. This governance model, common among rural electric cooperatives, creates a different incentive structure: capital is deployed to maintain reliability and control long-term rate trajectory rather than to maximize return on equity. The cooperative's territory in the wind-rich High Plains also positions it within the broader energy-transition conversation, as regional generation and transmission partners like Sunflower integrate renewable capacity. ## Sectors - Infrastructure - Energy Transition & Renewables ## People - Shane Laws — Chief Executive Officer - Angela Unruh — Chief Financial Officer ## Questions ### How is Victory Electric Cooperative governed? Victory Electric is governed by a board of directors elected by its consumer-members. Each member has one vote. The board hires the CEO and sets policy. This structure ensures the utility answers to its ratepayers rather than to external shareholders. ### Does Victory Electric generate its own power? No. Victory Electric is a distribution-only cooperative. It purchases wholesale electricity from Sunflower Electric Power Corporation, a generation-and-transmission cooperative, and distributes it across its local network. It owns the poles, wires, and substations but not the generation plants. ### What happens to extra revenue at the end of the year? Any revenue exceeding operating costs and reasonable reserves is allocated back to members as patronage capital. These capital credits are held on the cooperative's books and eventually retired — paid out in cash to members — once the board determines the cooperative's financial position allows it. ### What is Victory Electric's relationship with Sunflower Electric Power Corporation? Sunflower Electric is Victory Electric's wholesale power supplier and a generation-and-transmission cooperative. Victory Electric is a member-owner of Sunflower alongside several other Kansas distribution cooperatives. This vertical relationship is standard in the rural electric cooperative model. ### What geography does Victory Electric serve? Victory Electric's service territory covers nine counties in southwest Kansas: Ford, Gray, Kiowa, Edwards, Hodgeman, Finney, Haskell, Meade, and Clark. Its headquarters is at 3230 N. 14th Avenue in Dodge City. ### Are Victory Electric members entitled to any equity in the cooperative? Yes. Every consumer-member holds patronage capital in the cooperative — an equity stake accrued from annual allocations of surplus revenue. These capital credits are retired over time. Membership is tied to receiving electric service, not to purchasing a tradable share. ## Related profiles - [Victorian Managed Insurance Authority](https://altss.com/profile/victorian-managed-insurance-authority) - [Victory Fiduciary Consulting](https://altss.com/profile/victory-fiduciary-consulting) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/victory-electric-cooperative-association-inc Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology