Johnson County REMC is a not-for-profit organization, owned by those we serve. We are pleased to announce that the Board of Directors has authorized the retirement/refund of Capital Credits for the year 1996. Please view the updated list of unclaimed capital credits here.
As a member-owner (current or past) of the cooperative, you are entitled to Capital Credits. Capital Credits are retained “margins” that represent the difference between operating costs and the amount of money collected. These margins are allocated back to members each year in proportion to the amount of electricity purchased for that given year. This practice is the most profound difference between a not-for-profit cooperative and other businesses which operate on behalf of shareholders to produce profits. It represents the cooperative philosophy of “service at cost.” Accordingly, Capital Credits are initially retained by Johnson County REMC and are used to help build and maintain the electrical infrastructure necessary to serve all members.
The Board of Directors has reviewed the financial status of the cooperative, and, finding it in sound financial condition, has authorized the refund of JCREMC’s 1996 Capital Credits balance back to members. We sincerely appreciate our member-owners.
If you have any further questions concerning Capital Credits or your account, please go here. You may also call us at 317-736-6174 and ask to speak to a Capital Credit representative.