Walton EMC retains these capital credits for two reasons. First, they're used as working capital to keep us financially sound and to allow for emergencies (tornadoes, ice storms), which might require replacement of poles and power lines. Second, capital credits are used to retire debt and build equity.

From time to time, we retain the amount needed for financial strength and distribute the balance. Each customer-owner's refund is determined by the amount they have paid the co-op. In each of the past several years, Walton EMC has made a refund of $3 million.

Members have a direct voice in the way Walton EMC operates. Each year on the third Saturday in June, the co-op holds an annual meeting to take care of necessary business. The meeting is held at the Walton County Agricultural Education Center on Criswell Road in Monroe, Georgia.

Besides business, the meeting also features entertainment, door prizes and children's activities. Many years, exhibits such as heath screenings are also scheduled.

Part of the annual meeting is the election of members who serve as directors for three-year terms. These directors represent members in Walton EMC matters. There are nine directors of the co-op that represent different geographical regions throughout WEMC's service area. Walton EMC is regulated by its customers.

The board then elects its chair, vice-chair and secretary/treasurer. Below are the directors' names and districts. WEMC's president/CEO, who oversees the day-to-day activities of the co-op, is also listed.

Director Districts