Because Jay County REMC is a cooperative, owned by its members, it does not technically earn profits. Instead, any revenues over and above the cost of doing business are considered “margins.” These margins represent an interest-free loan of operating capital by the membership to the cooperative. This capital allows Jay County REMC to finance operations and — to a certain extent — construction, with the intent that this capital will be repaid in later years.
As a cooperative member, you have the unique opportunity to be an owner-member in our business. Each year, we take all remaining margins and hold them aside to return to our members. These margins are called capital credits. The capital credits distributed to each member are determined by the electric use on his or her account for the specific year being returned.
If you are a current member, or have been a member of Jay County REMC in the past, you may have an unclaimed capital credit check in your current or former name, or at a previous address. To check the unclaimed list please click the link below:
To claim your refund, call us at 260-726-7121. Or if you are an heir to an unclaimed credit or you previously owned a business that is due capital credits you will need to click on our members tab and find the corresponding documentation under the capital credits tab. Any unclaimed amounts will be turned over to the corporation after December 5, 2021, and will be reallocated to current members. So it's very important to contact us immediately if you see your name on the list. If you have any questions you can check our quick FAQS under the members tab in the capital credits section, or you can contact Becky Napert at 260-726-7121.