Unclaimed Capital Credits

We May Have Money for You!!!

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Each year, former cooperative members leave money behind when they don’t give us their forwarding addresses. That money is their share of Capital Credits allocated to their account when they were co-op members.

If you move from our service area, the capital credits accumulated in your account remain in your name. That’s why it’s important to give us a current address anytime you move so we can send you a refund when Capital Credits are retired.

After three years, any unclaimed funds go to the state. If you know someone on the list below, contact them so they can let us know their current address information. Please call (252) 823-2171 for additional information.

 

Click on the letter corresponding to the first letter of the person’s last name.

A  B  C  D  E  F  G  H  I  J  K  L  M  N  O  P  Q  R  S  T  U  V  W  Y  Z

                                                                                                                                                         

What Are Capital Credits?

Unlike for-profit companies, cooperative member-owners are allocated patronage capital to an account in their name based upon the member’s share of the Cooperative’s margins for a year in which revenues exceed expenses. The amount a member is allocated is proportionate to the amount of energy used by that member during the same year. Capital credits are retired and refunded to members, (based on a 20 year rotation cycle), as approved by the Edgecombe-Martin County EMC Board of Directors.

Even if you are no longer a member of the Cooperative, the allocated/retired capital credits may remain in your account. Check out the link below for a full listing of members/past members whose retired capital credit checks have been returned to Edgecombe-Martin County EMC. If your name is listed, please contact the co-op to verify ownership & provide your current mailing address. If you believe you know someone listed here, the co-op would greatly appreciate you having them contact us. For more info call 1-800-445-6486 to speak to a Member Service Representative to update accounts.

Always be sure to update your mailing address with Edgecombe-Martin County EMC so we can send future capital credit checks to the correct address.

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