As a cooperative member, you own the system that serves you.
CMEC is operated on a non-profit basis. Capital credits, or margins, are to a cooperative what profits are to a private business. A margin is any money left over after all operating costs have been paid. As a cooperative member-owner, part of that margin belongs to you. The more electricity you’ve used, the greater your share of the margin.
So that former members may receive their capital credit checks, it is important that address changes are reported to CMEC. Each year you will receive an allocation notice informing you of credits applied to your capital credit account. When a capital credit check is issued, this allocation is printed on the check stub.
Capital credits are retained until the board of directors authorizes payment. Under CMEC’s capital credit policy, upon approval of the board of directors, heirs may settle the capital credit account of deceased members.
