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Capital Credits

As a member of SCI REMC, you deserve the credit. When you signed up to receive electric service from South Central Indiana REMC, you became a member and an owner of an electric cooperative. While investor-owned utilities return profits back to their investors, electric cooperatives give margins back to the member-owners in the form of “capital credits.”

SCI REMC’s Board of Directors approved a capital credit retirement for the years 1982, 2010, and 2011.  Members who received electric service during those years will be receiving a capital credit refund in December. 

Please make sure to keep your mailing address up-to-date, even if you no longer receive electric service from SCI REMC, so that you will receive any future capital credit retirements.  

If you have additional questions about capital credits, please e-mail us.
As a member who helped build this electric cooperative, you get the credit you deserve—through capital credits.


FAQ: 2015 Retirement

Q: Am I eligible for a refund?
A: If you had electric service with South Central Indiana REMC in 1982, 2010, or 2011 you are eligible for a refund.

Q: How will I receive my refund?
A: If you have an active electric account your refund will come as a credit on your December electric bill if the amount is under $10.  If the amount of your refund is greater than $10, a check will be mailed to you during the month of December.  If you no longer have electric service with SCI REMC, you are still entitled to your capital credits.  We will mail a check to the most recent mailing address we have on file for any refunds over $5.

FAQ: Capital Credits

Q: What are Capital Credits?
A: South Central Indiana REMC is a not-for-profit, member-owned cooperative.  Capital credits are what set Cooperatives apart from Investor-Owned Utilities (IOUs).  While IOUs try to earn profits to give back to their investors, Cooperatives work hard to provide their electric service as close to cost as possible.  Any margins, revenues less expenses, at the end of the year are allocated to our Member-Owners in the form of Capital Credits.

Q: What do I have to do to get Capital Credits?
A: Nothing. By purchasing electricity from SCI REMC, you are automatically considered a member, and an owner, of the Cooperative. 

At the end of the year, margins are allocated to each member that purchased electricity that year proportionately based on their electric purchases.  SCI REMC keeps a record of capital credits for each member for each year to be paid back at a later date.

Annually the Board of Directors evaluates the financial position of the Cooperative and determines whether to pay back capital credits.  Then the board determines what years, if any, will receive a capital credit refund that year. 

Q: I’m moving will I still get my Capital Credits?
A: Yes! You will are entitled to Capital Credits earned while you were a member even after you move off of our lines.  It is important that you always provide us with your current mailing address.



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