Members of Warren County REMC enjoy several benefits that customers of other types of electric utilities don’t get to experience. One special benefit is receiving patronage capital.
Capital credits are our member's share of the REMC's margins for a year in which revenues exceeded expenses. The amount of capital credits a member receives is in proportion to the amount of energy purchased during that year. Capital credits disbursements are determined and approved by the Warren County REMC Board of Directors.
Unclaimed patronage capital await former members
Warren County REMC is attempting to locate former members who have unclaimed patronage capital awaiting them. If you recognize any of the names on the list, please contact that person or his immediate family and ask him/her to contact Warren County REMC directly at (844) 224-0710 or (765)762-6114 or visit us at 15 Midway Street, Williamsport, IN 47993, Monday - Friday 7:30 a.m. to 4:00 p.m. Legal documents may be required for decedents' accounts, or accounts listed in a different name. Agent approved forms, along with a current driver license may also be required before funds are disbursed. Your assistance is greatly appreciated. Click here for the capital credit claim form.
Warren County REMC will soon reallocate the capital credits designated for retirement in December 2016. That capital will now be reissued to REMC members’ accounts in future capital credit disbursements. The 2016 issuance of capital credits was for the generation & transmission capital from the Wabash Valley Power Association for the years 1982, 1983, 1985, 1994, & 65% of 1995. Our Policy states that capital credits not claimed within 2 years of the first check issuance date are to be returned to the general fund for reallocation in future capital credit disbursements. No payments for the December 2016 disbursement will be issued after December 21, 2018.
Donate your capital credits
Perhaps you've been contacted to be the capital credit agent on the account, but don't want to deal with the procedure of completing forms or providing required information. We would like to suggest an alternative for you to consider concerning your capital credits.
Some of our accountholders have opted to generously return their capital credit amounts back to Warren County REMC to be donated, at our discretion, to a charitable cause. Through these members' support, we have chosen to assist those customers enduring hardship with a payment to their electric bill. These customers are diligently attempting to maintain their accounts in good standing, while dealing with devastating financial burden due to traumatic and overwhelming circumstances.
Please consider taking a few minutes to help ease the financial burden of one fortunate by completing a donation affidavit. As some of our fellow co-op members experience difficult times, we want them to know they have the support of the Warren County REMC community.