Dogwood flowers

Habersham EMC Returns Capital Credits

Posted: June 8, 2020

For the 34th consecutive year, Habersham EMC (HEMC) members will receive capital credit checks. These are normally retired in November, however due to the unprecedented circumstances during COVID-19, the HEMC board of directors has voted to return credits to our members early.

Since 1987, HEMC has returned more than $17 million to members. This year’s retirement includes the return of capital contributed by members in 1989 and 1990.

Member capital is utilized for a period of time to finance electric system improvements and maintain the financial strength required by HEMC’s lenders. Then it is returned, demonstrating one of the principles of our cooperative, nonprofit organization.

HEMC issues checks to members for $10 or more. If the credit is less than $10, the funds are retained until the total owed to the member is $10 or more.

For more information visit habershamemc.com or call (706) 754-2114, (706 )865-4362 or (800) 640-6812.