Capital Credits

Capital Credits


    At Whitewater Valley REMC every
     member gets a piece of the pie!



Thanks to financial planning and holding down costs, the board of directors has approved the retirement of capital credits again this year! The cooperative will retire twenty percent of cooperative margins from 2017, sixty percent margins from 1989, and one hundred percent margins from 1992. The remaining portion of Generation & Transmission margins from 1988, and one hundred percent of Generation & Transmission margins from 1989 and 1990.

Unlike investor-owned utilities that maximize profits to pay their shareholders, not-for-profit electric cooperatives do not exist to earn a profit. You receive capital credits because you are more than a customer; you are an owner of Whitewater Valley Rural Electric Membership Corporation. These credits represent your ownership in WWVREMC and are one of the unique and rewarding benefits you enjoy as a member of the cooperative. The amount you receive is based on two factors; your length of membership with the cooperative, and the amount of power used during the period being retired. Refunds less than $10 are applied as a credit on your electric bill. If your refund is more than $10, you receive a check in the mail. Checks will be mailed December 17, 2018.


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.

Below are forms necessary for filing a capital credit claim with the cooperative.

Address Verification Form

Proposal for Payment - Individual Form

Instructions - Capital Credit Claim for Estate

Affidavit for Transfer of Assets

Instructions - Capital Credit Claim for Dissolved Business

Proposal for Payment - Business Form

Call the WWVREMC office at 800-529-5557 or 765-458-5171 for more information on filing a capital credit claim.  You may also email us at

capital credits flyer