Capital Credits

Do we owe you money? Most refunds are returned to the cooperative because we do not have a current mailing address or contact information for the former member. To see if you are on the list of unclaimed capital credits, simply enter your name and search our records for all unclaimed capital credits. 

If your name is on the list, complete the form and submit it to the Jackson County REMC office. Someone will contact you to further discuss and verify the claim.

Former Member Currently Eligible:
Download a capital credit claim form for an individual or an organization or call the office for the form. Complete the claim form, and submit it to Jackson County REMC.

Heir of a Deceased Former Member:
Download the estimated claim packet or call the office for a form. Complete the claim form, and submit it to Jackson County REMC.

Need to Update Information for a Future Refund:
Complete the name and address change form or call the office for a form. Complete the form, and submit it to Jackson County REMC.

The cooperative business model is built upon the foundation of clarity of purpose. Because cooperatives are non-profits owned by their members, they invest to provide and improve services that benefit members and the communities they serve. Patronage capital is one of the unique characteristics of the cooperative form of business. 

Allocating and retiring capital credits are practices that distinguish co-ops from other businesses. Margins at electric cooperatives are allocated to their members. Capital is required for ongoing expenses, emergency reserves and repayment of loans and the by-laws of most cooperatives allow them to use margins for a period of time to maintain a healthy financial position. When the financial position of the cooperative allows for margins to be returned to consumers, the board of directors may approve payment of the credits to members. Capital credits are another example of “The Cooperative Difference.”