REC allocates $500,000 in capital credit refunds

Published 10:35 am Monday, September 11, 2017

AHOSKIE – For the second year in a row, Roanoke Electric Co-op has allocated more than $500,000 in capital credit checks, which were mailed to member-owners in early August.

Member-owners who have not yet received their checks are encouraged to contact the co-op’s office.

Each year, the co-op’s board of directors assesses the co-op’s financial ability to pay out capital credits.

“This year, the board determined that we were in a good financial position, in which the co-op earned margins,” said Allen Speller, chairman of the co-op’s board of directors. “Every member-owner who purchased electricity during this year in which we earned margins will receive capital credits.”

For member-owners who have not yet received their check yet, the co-op recommends you contact the co-op to update your mailing address. You are also advised to verify if there are any past checks on file that were mailed but never cashed.

For more information, please contact the co-op at 252-209-2236 or visit