1 minute read
Notice of Unclaimed Capital Credits
Canoochee EMC is a not-for-profit, which means when we make more money than we spend, that extra money belongs to the members. We call this extra money “capital credits.”
Canoochee EMC gives this money back to members in two ways:
General Retirement: We send out payments to a group of members at once.
Upon a Member’s Passing: Capital credits are paid out when a member dies.
Sometimes, when we do a general retirement, members don’t cash their checks, or we can’t find them. We hold onto this unclaimed money for five years. During that time, we try hard to reconnect with these members.
If you were part of the general retirement in 2019 (for the years 1986-1989) and haven’t claimed your money, you have until Sept. 30, 2025, to do so. After that date, any unclaimed money from that 2019 retirement will be given to the Canoochee EMC Foundation, which will use the money for education or to help the local economy in ways that benefit Canoochee EMC members.
You can find a list of members we are trying to reach online at https://www.canoocheeemc.com/capital-credits. If you have any questions, please call (800)342-0134.
