Electric Service
Capital Credits:
Money Back To You

Because Snapping Shoals Electric Membership Corporation is a consumer-owned, non-profit cooperative, excess revenue is eventually returned to the consumer-members as capital credit payments. Each year margins (revenue left after all expenses have been paid) are assigned to members' accounts as capital credits. Capital credits are allocated in proportion to the total amount of electricity the member purchased during that year.

Since sufficient funds must be kept on hand to make system improvements and build new lines, capital credits are normally retained for a while for these purposes. They are paid to the members when it is financially sound to do so and when approved by the board of directors.