Name a Beneficiary for Your Capital Credits
As a member of Piedmont Electric Cooperative, you share in the benefits of being part of a not-for-profit electric utility, including capital credits! Each year, if we collect more money than it costs to run the co-op, those extra funds are returned to members as capital credits. These credits stay on your account until our board retires them, usually as a bill credit or check. Members have the option to name a beneficiary for their capital credits. This means that if you were to pass away, your capital credits can go directly to a person or organization you choose, without going through the court system.
You can designate the following to be a beneficiary:
- Family member
- Friend
- Organization or charity
- Piedmont Electric’s Helping Hand Foundation, which allows your capital credits to support members in need, local teachers through Bright Ideas grants, college scholarships, youth leadership camps and more.
Please Complete Beneficiary Designation Paperwork
To elect to pay your capital credits to a beneficiary, please complete this form.
How to Return Your Form
Email: info@pemc.coop*
Fax: 919.732.9978*
Mailing Address:
Attn: Office Service
PO Drawer 1179
Hillsborough, NC 27278*
Schedule an Appointment:
Stop by one of our offices, notaries available. Call 800.222.3107.
*Forms must be notarized before they are returned to Piedmont Electric.