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How to Calculate Your Capital Credits

Jackson EMC is a not-for-profit electric cooperative. One of the benefits of being a member of a cooperative is receiving capital credits. Each year, amounts collected above the cost of providing electric service are credited to members’ capital accounts based on their patronage (total billing less sales tax).

Each year, capital credits – known as margin refunds by Jackson EMC – are returned to members under certain conditions. The board of directors determines which previous years of capital credits to return, while keeping the cooperative financially strong. More than one previous year's worth of capital credits may be returned to members. Eligible current and former Jackson EMC members receive these funds as margin refund checks in December.

Your 2021 capital credit was 8.470% of your total patronage. See the example below to calculate your capital credit.

This notification is for all rates, except Market Based Service (MBS). You can find your rate designation printed on your monthly bill. Members with a MBS rate have received a separate notification.

To learn more about how margin refunds work, visit