Members can call the office at their convenience to inquire about unclaimed capital credits.
Your REMC cooperative does not calculate profits in the way other businesses do, including those businesses such as investor-owned and municipal utilities. Instead, any “margins” or revenue which may remain after all expenses have been paid are “allocated” to the members in proportion to the amount of business that they conduct with the co-op for the year via capital credit allocations. Therefore, capital credits represent each member’s share of the cooperative’s margins and the amount of investment in the co-op. Once a capital credit is allocated – it remains on the REMC’s financial books until such time as there is sufficient cash to distribute or pay them out. This distribution activity is then referred to as a “retired” capital credit and once retired – the capital credit then comes off of the co-op’s books. This cycle, from allocation to retirement, is on an approximately 30 year rotation.