Great organizations are recognized for operational efficiency and delivering outstanding value. We strive for this every day at Lumbee River EMC. LREMC employees and management team work hard to provide exceptional service while offering meaningful value to you, our members. Each year, the Board of Directors decides how much excess capital is no longer needed to build and maintain the electric grid. That amount is then retired and distributed to you. 

I am pleased to announce that the LREMC Board of Directors approved the retirement and distribution of $3,500,000 in Capital Credits for 2025. We are paying the year 2005 for $1,441,493, the year 2016 for $1,000,000 and the year 2021 for $1,058,506. Checks will be mailed out to our member-owners on October 1, 2025, approximately eight days before the annual meeting for your portion of capital credits related to these calendar years.

Capital Credits are crucial to cooperative members as they represent a tangible benefit of their membership and engagement in the Cooperative. This system encourages loyalty among members and reflects the Cooperative's principle of equitable distribution. Capital Credits return financial value to the members over time, enhancing their sense of ownership and investment in the Cooperative's success. These credits exemplify the Cooperative's commitment to shared prosperity and community-driven economic empowerment.

The capital credit allocations and refunds for Lumbee River Electric Membership Corporation members are issued in accordance with the bylaws of the Cooperative.

Member ownership is the true cooperative difference!

Daniel Leonard, CPA

Chief Financial Officer