Burgaw, N.C.—Members of Four County Electric Membership Corporation will receive a capital credit refund check from their electric cooperative in December.
The Cooperative is refunding $593,032 to active and past members. The refund represents 50 percent of each member’s share of the margins for 1983, and 4 percent of margins for 2011.
“We are proud that our members benefit from the Cooperative way of business,” commented Chief Executive Officer Mitchell Keel about the not-for-profit company. “At the end of each year, we allocate left-over earnings to our members,” Keel added.
Four County Electric Membership Corporation serves over 32,000 members in Bladen, Duplin, Pender, Sampson, Columbus and Onslow counties.