Four County EMC returns $2.5 million in refunds to members

By: Staff report

BURGAW — Members of Four County Electric Membership Corporation will receive a capital credit refund check from their electric cooperative in December.

The Cooperative is refunding more than $2.5 million to active and past members. The refund represents 100 percent of each member’s share of the margins for 1987 and 1988. Members qualifying for these remaining margins will receive a refund check in early December.

“Our members enjoy a significant benefit from the Cooperative way of business,” commented Chief Executive Officer Mitchell Keel about the not-for-profit company. “At the end of each year, we allocate left-over earnings to our members.”

Four County Electric Membership Corporation serves over 32,500 members in Bladen, Duplin, Pender, Sampson, Columbus and Onslow counties.

Staff report