Four County EMC Returns Over $2.4 Million in Capital Credit Refunds to Its Members
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 $2.4 million to active and past members. The refund represents 100 percent of each member’s share of the remaining margins for 1995, and 10% of 2018. Members qualifying for these margins will receive a refund check in early December. Any member whose share of the margins is less than $25.00 will not receive a check; instead, the amount will be credited to their December electric bill.
“At the end of each year, we allocate left-over earnings to our members.” commented Chief Executive Officer Mitchell Keel. “Our members enjoy a significant benefit from the Cooperative way of business.”
Four County Electric Membership Corporation serves over 32,500 members in Bladen, Duplin, Pender, Sampson, Columbus and Onslow counties