A little extra cash in your pocket is never a bad thing, especially around the holiday season.
As Noble REMC does each year to give back to the people who built us – you! – we’re once again returning our excess revenue to you, the members we serve.
This cash back is given over time, with disbursements benefiting members from as far back as 25 years ago to as recent as last year. The years and amounts are decided by the board of directors – members elected by you – each year.
This year, those receiving cash back include members from the years 1990, 1991, 2002, 2003 and 2019. With the retirement of funds totaling $1,431,499, the amount each member receives is based on how much power the member used in those years.
So, how will you receive your cash back?
- Current members will receive a check for the amount allocated to them.
- But as many of you know, processing printed checks can become costly. For this reason, members will only receive a check if the amount is $10 or more.
- If you don’t reach that $10 threshold, don’t worry. Your patronage capital will accumulate over time and be returned when the balance reaches at least $10.
While a nice bonus in your pocket, what’s more important is that this cash back shows Noble REMC’s strength and financial stability, as well as serves as a reminder that you hold us accountable.
We don’t answer to shareholders; we serve you, our members.