Notice of Capital Credits Assignments

As a rural electric cooperative, Canoochee EMC is owned by its members. At the end of each year, margins are assigned to the members. Once again, Canoochee EMC’s Board of Directors is pleased to report another successful year in 2024. The total assignment of margins, also referred to as capital credits, for 2024 is $4.3 million.

The allocated amounts are recorded on the books of the cooperative in each member’s individual equity account as capital credits.

You will receive a notice if your assignment for 2024 is greater than $5. This is an assignment only and not a refund.

When Will I Be Paid for My Capital Credits?

When the board determines that the financial position allows for a return of capital, a capital credits retirement will be announced. The cooperative strives to operate efficiently, while also maintaining a strong capital base. The board continually monitors the cooperative’s financial position. Canoochee EMC retired a total of $859,000 in 2024 and has retired approximately $25.2 million in cash to its members since it was founded.

The board would like to thank you for your continued support in helping us achieve our goal: to keep energy affordable and reliable. It truly is an honor and a privilege to serve you, and we look forward to serving you in the future.

Sincerely,

Canoochee EMC Board of Directors

Connie L. Thrift, President

Bob Floyd, Vice President

Kimberly S. Blocker, Treasurer

LaNell M. Oliver, Secretary

Ed Bradley Jr.

Robert E. Dasher

Kenneth L. Durrence

Lavanda Lynn

Bernard Purvis