Habersham EMC Returns Capital Credits
For the 31st consecutive year, Habersham EMC (HEMC) members received capital credit checks in late November. Since 1987, HEMC has returned more than $14 million to members. This year's retirement includes the return of capital contributed by members in 1987.
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 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.
If you receive a capital credit check for a deceased member, please contact the office as most financial institutions will not cash the check.
For more information please visit an HEMC office in Clarkesville or Cleveland or call: (706) 754-2114, (706) 865-4362 or (800) 640-6812.