2024 Year Ends with Capital Credits Returned to WWVREMC Members
$870,000 of Capital Credits Retired
The WWVREMC Board of Directors reviewed the cooperative’s financial condition and is pleased to announce the retirement of $870,000 in capital credits to be disbursed December 2024 . Since 2011, WWVREMC has returned $13,365,000 to our local members.
About Capital Credits
When you signed up to receive electric service from Whitewater Valley Rural Electric Membership Corporation (REMC), you became a member — and owner — of a cooperative electric utility.
While investor-owned utilities return a portion of any profits back to their investors, electric co-ops operate on a not-for-profit basis. So, instead of returning profits, known as margins, to investors who might not live in the same region or even the same state as you do, we periodically retire capital credits (also called patronage capital or equity capital) based on how much you paid the co-op for electricity during a specified time period.
