Each year, the earnings collected in excess of the cost of providing service, are allocated to CEMC’s members. This allocation is what we call capital credits, or patronage capital. We pay out capital credits in two ways, either 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 will have until September 30, 2022, to claim them. After that, all remaining funds from the 2016 general retirement from years 1980-1981 will be deposited into Canoochee’s Foundation, The CEMC Foundation, Inc. These funds will be earmarked for education, or for economic development that benefits the members of Canoochee EMC.
You may use the search function below to find those members with unclaimed property from 1980-1981. Please contact (800)342-0134 for further information on how to collect this property, or to share information on how we may reach any of these former members.