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Co-op Members Receive Annual Refunds

Co-op Members Receive Annual Refunds

Friday | December 9, 2022
All News

Being a member of South River Electric Membership Corporation has benefits. In November, the nonprofit electric cooperative refunded capital credits totaling $5,987,244.57 to its current and past members.

As a cooperative, South River EMC doesn’t earn profits, any money remaining at the end of the year, called margins, is allocated for return to the members based upon their electricity purchases for that year. South River EMC uses the money as operating capital before it’s returned.

The Cooperative mailed 22,332 checks totaling $4,476,670.56 to current and former members. For active members whose total was $100 or less, the refund was applied to their electric account. For any past members with an outstanding balance with the Cooperative, their refund was applied to that balance.

This year, the Cooperative is returning the remainder of the 2005-year, 100 percent of the 2006-year, 45 percent of the 2007-year and 20 percent of the 2021-year. The remaining 2021 amount will be refunded in about 19 years, unless a member leaves South River EMC and chooses the early-retirement option.

Although the Cooperative does try to keep an address on file for members who move out of the service area, this is not always possible. If you received electricity from South River EMC prior to 2004, South River EMC might have money that belongs to you.

Simply visit sremc.com  to review a full list of unclaimed capital credits. If your name is on the list, simply call the office or download and complete the form to claim your money.

South River EMC is a locally-owned and operated electric cooperative, which provides electric service to 46,000 homes, farms and businesses in parts of Harnett, Cumberland, Sampson, Johnston and Bladen counties.

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17494 US 421 South
Dunn, NC 28335

6491 Ramsey Street
Fayetteville, NC 28311

South River EMC
PO Box 744757
Atlanta GA 30374-4757

Standard Phone: 910-892-8071     

Toll Free: 800-338-5530

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  • Home
  • My Home & Business
    • Residential Members
      • Electric Service Options
      • Account Overview
        • E-Bill
        • What Makes Up Your Bill
        • All-In-One Billing
      • New Member Information
      • Payment Options
      • Energy Saving Tips
        • Advise Guys
        • Energy Audit
        • Manufactured Homes
        • Rebates & Efficiency
        • SmartEnergy Profile
      • Real Time System/ Outage Map
      • Outdoor Lighting
      • Boots To Buckets
      • Under Control
      • Capital Credits
      • Connect To Save
      • Residential Solar
      • Utility Shield
      • Co-op Connections
      • Consent To Call
    • Agricultural Members
    • Commercial Members
      • Commercial Energy Saving Tips
      • Commercial Lighting
      • Commercial Rates
      • Renewable Energy
    • Economic Development
      • Loans & Grants
      • Renewable Energy
    • Electric Safety
      • Electrical Work Safety
      • Call Before You Dig (NC 811)
    • Rebates & Efficiency Tips
      • Energy-Efficient Water Heating
      • Energy Star Appliances
      • Energy Star Heating & Cooling
      • HERO Program
      • Insulation & Weatherization
      • Pool Pumps
      • Renewable Energy
      • Electric Vehicles
    • Smart Programs
      • SmartPay
      • SmartChats
      • SmartEnergy Profile
      • SmartAlerts
      • Smart View
    • Surge Protection
  • My Community
    • Boots To Buckets
    • Bright Ideas
    • ElecTel CFCU
    • Operation Round Up
      • Donation History
    • Power On
    • Revolving Loan Fund
    • Youth Programs
      • Give Us An A
      • Basketball Camps
      • Electric Cooperative Youth Tour
      • Cooperatives For Community
      • Scholarships
  • My Energy & Education
    • Demand Response
    • Bright Ideas
    • ElecTel Energy Efficient Loans
    • Give Us An A
    • Kids Korner
    • Rebates & Efficiency
    • Scholarships
    • School Programs
    • SmartChats
  • My Cooperative
    • About Us
      • Board of Directors
      • Capital Credits
    • Careers
    • Annual Meeting
    • Carolina Country
    • Co-op Documents
      • Rates
      • South River EMC FAQ
      • Bylaws
      • Public Safety Policy
      • Service Rules & Regulations
    • Co-ops Vote
    • Helpful Videos
    • Under Control
    • Projects
  • My Energy Future
    • Brighter Future Initiative
    • Butler Microgrid
    • COPA
    • Cooperative Action Network
    • Co-ops Vote
    • Electric Vehicles
    • Renewable Energy
    • Residential Solar
    • Time-Of-Use
    • Take Action
    • Watt Watchers
  • Outage Center