Four County EMC Returns Over $2.6 Million in Capital Credit Refunds to Its MembersDecember 5th, 2016
Members of Four County Electric Membership Corporation will receive a capital credit refund check from their electric cooperative in December.
The Cooperative is refunding over $2.6 million to active and past members in 2016. The refund represents 100 percent of each member’s share of the margins for 1989, 1990, and 10 percent of 2015. Members qualifying for these remaining margins will receive a refund check in early December.
Any member whose share of the margins is less than $5.00 will not receive a check at this time, but the amount will be credited to their December electric bill.
“Our members enjoy a significant benefit from the Cooperative way of business,” commented Chief Executive Officer Mitchell Keel about the not-for-profit company. “At the end of each year, we allocate left-over earnings to our members.”
Four County Electric Membership Corporation serves over 32,500 members in Bladen, Duplin, Pender, Sampson, Columbus and Onslow counties.