Plugged In: Does Walton EMC distribute capital credits to deceased members?
A: When the unfortunate passing of a member happens, survivors are entitled to receive any remaining balance in the deceased’s capital credit account.
As a not-for-profit cooperative, any revenue Walton EMC collects above what it takes to operate the business is returned to the co-op’s customer-owners in the form of capital credits. To receive payment, a representative of the estate should contact the co-op to request a refund application. A completed application, along with a certified copy of the deceased’s death certificate and other documents, must be submitted. Allow about eight to 12 weeks to receive the capital credits refund.
Dealing with the loss of a loved one can be very trying, so we try to make the capital credit refund process as easy as possible. To request an application or additional information, call us at 770-267-2505.