Haywood EMC works to provide electric service to each member-owner at the lowest possible cost without a profit motive. This business model allows for the return of margins (money left over after all operating expenses have been paid) to our member-owners in the form of a refund called capital credits. 

Haywood EMC is pleased to announce that the Board of Directors authorized a general retirement of $750,000, as well as this year's estate retirement at an estimated amount of $265,000. That's a total of more than $1 million that's flowering back to our member-owners and into the local economy of the eight counties we serve!!

Who Receives a Capital Credit Refund?

The refund is derived from member-owner margins allocated during the years 1991 through 2016. If you had service with Haywood EMC in these years, you are among those who will receive a refund. All capital credits prior to 1991 have been returned to the member-owners with valid addresses.

When will I receive my Capital Credit Refund?

Checks are mailed in mid-November to members due a retirement of $100 or more. For amounts less than $100 or in the case of a delinquent account, the credit is applied to the member-owner's electric bill in either October or November.

Unclaimed Capital Credits

Because unclaimed capital credits must be sent to the State Treasurer, it's a good idea to make sure Haywood EMC has your up-to-date address if you should move off-system so future refunds make their way to you.

You can help us find former member-owners who may have an outstanding capital credit check by visiting haywoodemc.com/outstanding-capital-credits If you recognize a name on the list, please ask that person to call the local Haywood EMC office to update their contact information.

Capital credits represent your ownership in Haywood EMC and are one of the most unique rewarding benefits you enjoy as a member-owner of an electric cooperative because it puts your money back where it belongs - with you!