21
December
2021
|
10:04 AM
America/New_York

Perspective: Something Special

As a member of Jackson EMC, you're an owner. That’s right. Like other cooperatives, we operate under a different business model, which means you have ownership of your co-op.

Most people are familiar with a traditional business model that benefits investors. When the business makes a profit, the shareholders benefit. With a cooperative, like Jackson EMC, the members benefit with a check in the mail at the end of the year. Talk about a great gift for the holidays!

How does it work?

When you make a payment to Jackson EMC, a portion of the money goes toward strengthening the operation of your co-op. Typically, it’s used for expenses, like buying new bucket trucks and equipment at substations. When all of our expenses are accounted for, any remaining funds – we call them margin refunds – are given back to members, based on how much electricity you used during specific years.

It’s always a pleasure to return money to the families, businesses, schools and others that are part of our cooperative. I love hearing how members use their margin refunds – from a special date night with their spouse to local businesses buying the tools or equipment they need to support their customers.

Nationally, electric cooperatives returned $1.3 billion to their members in 2019. Jackson EMC has refunded $174 million to members since we were founded in 1938. That’s an incredible accomplishment that speaks to the financial strength of your co-op! We're just 17 years away from our century mark of serving our community.  To get there, we'll continue to do what it takes to exceed your expectations.

Being a member of a cooperative means you're part of something special. Returning money to members is just one way that membership sets us apart.  We're honored to serve you and look forward to the new year!

Have a story to share on how you used your margin refund check? Email me at chip@jacksonemc.com.