2012 Annual Meeting of the Members A Success
October 9th, 2012
By Heather Vaughan
Sanford, N.C., October 9, 2012- One of the promises of the cooperative business model is that after all bills are paid, leftover revenues known as capital credits are allocated to Central Electric members based on their patronage, after a period of time. In case you missed this year’s Annual Meeting of the Members, Central Electric’s Board of Directors has decided to retire credits from 1989, 1990, 1991 and 1992; which means if you received service from CEMC during those years, you’re going to get a check in the mail!
In addition to the capital credits, several walked away with cash. Rosa Lee Langston grabbed the $500 grand prize, while Josephine L. Latimore picked up $250. On top of those winners, Gervaye Marie Simpson received $100 while Beatrice Holder and Lauren Gilchrist pocketed $75.
More than 715 people attended the event held at the Dennis A. Wicker Civic Center in Sanford, NC. Members received updates on cooperative business, enjoyed tasty treats, celebrated the International Year of the Cooperative and the success of passing the No Cash for Copper Law. David Browning, better known as the Mayberry Deputy provided entertainment.