Claim Capital Credits Return

Each year, earnings collected in excess of the cost of providing service are allocated to Canoochee EMC’s members. This allocation is what we call capital credits, or patronage capital. We pay out capital credits in two ways, by having a general retirement or at the time of a member’s passing.

When we have a general retirement, we find that not everyone claims these funds, or we have lost contact with them. We hold these funds for our members for five years, at which point we make a final push to find these members.

Members have until Sept. 30, 2024, to claim funds from the 2018 general retirement from the years 1984-85. After that, funds will be deposited into the Canoochee EMC Foundation Inc. and be earmarked for education or economic development that benefits members.

To learn more, visit www.canoocheeemc.com/unclaimed-capital-credits