Check for unclaimed patronage capital, March 2021
Patronage capital refunds are one of the benefits of being a cooperative member. Built by the community we serve, we share our excess revenue back with our members, which sets us apart from investor-owned and municipal electric companies operated by towns or cities.
When Noble REMC is in a financial position to do so – as it has been for more than 25 years – our members receive a refund check in early December, representing the prorated amount between the actual cost of service and the margin for a given year. This cash back to our members totals nearly $10 million since the mid-1990s, a sign of the cooperative’s financial strength and stability.
Noble REMC is proud to support our communities by putting money back into the local economy, as well as the pockets of those we serve.
Click here for the list of current or former members' names who have a patronage check due to them.
Update on high-speed internet study, Jan. 6, 2021
We hear you. We’ve appreciated each phone call, social media message and interaction about your excitement at the prospect of Noble REMC bringing our area high-speed broadband internet. Unfortunately, making the decision on whether to proceed with the project is not a quick one – and it shouldn’t be. We need to be diligent and make the most responsible decision for our members.
We are currently studying the results from our recent member survey and are working with our consultant on the feasibility study and financial models. While a lot is happening behind the scenes, our members remain our top priority as we look at the significant financial investment and overall feasibility of bringing high-speed broadband internet service to our area. We look forward to updating you as soon as we have news of our next steps in the process.
Thank you, as always, for your support of Noble REMC.