co-op news
Join us for our second Member and Community Fish Fry! Harrison REMC is excited to invite both members and the community to the second annual Member and Community Fish Fry. This fundraising event will be held on Sept. 11 from 11 a.m. to 1 p.m., or until all food is sold, at the REMC warehouse in Corydon and near Limeberry Lumber’s parking lot at Highlander Point in Floyds Knobs. A fish sandwich, chips, cookie and a drink will be available for $7, with all proceeds benefitting Habitat for Humanity. People can dine in or carry out at the REMC office at 1165 Old Forest Road in Corydon, but the location at Highlander Point will be carry out and dine in with limited seating. Each year, the REMC will pick a non-profit organization to benefit from the funds collected at this event. We look forward to this tradition and giving back to the communities we serve.
Q: Do I have to be a member for an
request the capital credits pay out early
Q: Will I receive a capital credit check or
entire year to earn capital credits?
by choosing to receive a discounted
bill credit every year?
A: No. Capital credits are calculated based upon a member’s monthly bills. If you are billed for service for even one month, you will accumulate some capital credits. Q: What happens to the capital credits of a member who dies? A: The traditional option is for an estate to be paid out on the same schedule as other members, as part of normal retirements
present value amount. With all options, an authorized representative or family member for the estate must request the credits by submitting required documentation. Q: Can the capital credits be sent to a charity? If desired, members or heirs can choose to have the refunds donated to a charity of their choice.
A: Not necessarily. When considering a retirement, the board analyzes the financial health of the cooperative to determine if a retirement or payment can occur. Q: What happens to my capital credits when I leave the Harrison REMC service area? A: They remain on the books in your name until they are retired. You should ensure
for a given year of service. Another option
that the REMC has your current mailing
is for heirs of a deceased member to
address.
AUGUST 2019
7