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Capital Credits

What are capital credits? Capital Credits reflect the not-for-profit nature of our Cooperative. Capital Credits are actually the amount of money that is “credited” to a member’s account at the end of each year. This amount is based on revenue remaining after expenses have been paid. Investor-owned utilities return this margin (profit) to the stockholders through dividends. In the case of a member-owned non-profit cooperative, like Haywood EMC, the margin is credited to the member-owner on a pro-rata basis as capital credits.

Capital credits are allocated annually to each member based upon the amount of revenue received from members divided by the coop’s margins. To determine an individual’s capital credit allocation, the margin (profit) percentage is applied to the amount they paid for electric service for the year. Once a year HEMC notifies our members of the percentage of margins to be allocated. 

The Coop retains these capital credits for two reasons:

1. As working capital to keep the Coop financially sound and to allow for emergencies such as storm damage.

2. To retire debt and build equity in the Coop.

As capital credits accumulate, the Coop still retains the amount needed for financial strength but distributes an amount determined by the Board of Directors and within RUS regulations to their members in a general retirement of capital credits.

In addition, retirements are made to the estates of deceased members immediately at the present-day value of the total unretired allocated amount.

Need Further Information On Capital Credits?

Contact Haywood EMC at (828) 452-2281 or 1-800-951-6088.

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Waynesville Physical Address

376 Grindstone Road
Waynesville, NC 28785
(828) 452-2281 or (800) 951-6088
(828) 926-4290 Fax

Lake Toxaway Physical Address

298 Blue Ridge Road
Lake Toxaway, NC 28747
(828) 966-4215
(828) 883-3874 Fax

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©2023 Haywood EMC. All Rights Reserved.

  • About Us
    • About Touchstone Energy
    • Board of Directors
    • Management Team
    • Employment
    • Cooperative Principles
      • Cooperative Difference Video
    • Service Territory Map
    • Together We Save
    • News Posts
  • Member Services
    • Capital Credits
      • Frequently Asked Questions
      • Outstanding Capital Credits
    • Billing and Payment Information
      • Easy Ways to Pay
      • Delinquent Bill Timeline
    • Service Rules & Regulations
      • Smart Meter Energy Usage Data Privacy/Security Advisory
      • Title VI Statement of Non-discrimination
    • New Service
      • Application for Electric Service
    • Co-op Connections
    • Rate Schedules
      • EV Rates
      • Time Of Day Rates
    • Safety
      • Storm Preparedness
      • Safety Quiz
      • Tree Trimming
    • Service Forms
      • Service Order Form
      • Medical Condition And Equipment Form
    • Text Outage Alerts
  • Products
    • HomeServe Protection Plans
    • Surge Protection Program
    • Generators
      • Generator Loan
      • Generlink
    • Heat Pump/Weatherization Loan
      • Heat Pumps
    • Security Lighting
  • Your Community
    • Bright Ideas Grants
    • Project HEMC
    • Around the Community
    • The Haywood EMC Podcast
    • Carolina Country Magazine
    • TSE Sports Camp Scholarship
    • News
    • TSE Scholarship
    • Youth Tour
  • Energy Efficiency
    • Electric Vehicles
    • Whole House Energy Audit
    • NC GreenPower
    • Together We Save
    • Energy Star Home Advisor
  • Renewable Energy
    • Renewable Energy Site Assessments
      • Solar Site Assessment
      • Hydro Site Assessment
      • Wind Turbine Site Assessment
    • Renewable Rates
      • RGR Rate
      • RGS Rate
    • Solar with Haywood EMC
      • Certificate Of Completion
      • Typical Components Of A Solar Interconnected System
    • Contracts With Haywood EMC
    • Renewable Energy Information
    • Renewable Energy Sources
    • Interconnection With Haywood EMC
      • Interconnect Application