Capital Credit Checks Will Arrive Soon
November 9th, 2012
By Heather Vaughan
Sanford, N.C., November 9, 2012-Central Electric members who are eligible for capital credits should start receiving checks in the mail the week of November 26th.
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 refund very soon.