Patronage capital
Members of Northeastern REMC enjoy several benefits that customers of other types of electric utilities don’t get to experience. One special benefit is receiving patronage capital.
When our revenues exceed expenses and the board determines there are adequate reserves to meet our cooperative’s business needs, the balance is returned, or “retired,” to members. These members receive a patronage capital retirement check. The amount being returned is based on how much power the member had used.
Former members
When a member moves out of our service area, patronage capital is retired at a discounted rate and appears as a credit on their final bill. If you've recently moved out of the Northeastern REMC service area, you may have unclaimed patronage capital available to you. Please contact us to find out if you have patronage capital owed to you.
How to view your patronage capital refund
Enter your account number below to view your bill credit amount.
Unclaimed funds from 2019
It's important to us that you receive your patronage capital refund. Please see click below to view more information about unclaimed funds from 2019.
Each member will receive a different amount based on many factors. How long you’ve been a member and the amount of energy you have used are the two main factors.
Every year, our board of directors will review and vote on a proposed amount.
We are giving you a bill credit to help you as quickly and efficiently as possible without delays, complications or contamination. This method ensures you get your credit with no need to go to a bank, track down mail or any other inconvenience.