I am happy to announce that Fulton Country REMC will be conducting another general retirement of capital credits this year. At the Sept. 27 board meeting, the directors of your cooperative unanimously approved the retiring of cooperative capital credits for 1968 through 1976 and the generation and transmission (Wabash Valley) capital credits from 2017.
A total of over $700,000 in capital credits has been declared payable.
This general retirement will bring us closer to our goal of a 35-year cycle for capital credits. Current members can expect a return of approximately 2 percent of their 2017 patronage this December when the retirement checks are issued.
So far, 2018 has been a very busy year for our line crew, as we have seen quite a bit of growth in our service territory. The crew has installed several new services and is currently working on rebuilding the lines on 450 N east of old U.S. 31.
Have a great month, and as always, if you have questions, please give us a call.