Get Co-op Hotline April 2014 - Southeastern Indiana Remc

Important Information. then South Central Indiana REMC at (800) 264-7362. To report a fiber outage or connectivity issues, please call (833) 444-2504. E-mail communication to SCI REMC and SCI Fiber is not monitored on evenings, weekends, and holidays.

Patronage capital, also called margins, for any given year, is the difference between that year's operating income and operating expenses. Margins are allocated on an annual basis to the cooperative membership based upon their individual usage during that year.

A patronage dividend is essentially a refund for members who have purchased goods or services from a cooperative. As the name implies, patronage dividends are paid to individuals as a result of belonging to the cooperative.

“margins” in a cooperative, remaining after operating. expenses are divided between members based on usage. This margin is then called “patronage capital” and. represents the amount of ownership a member has in. the cooperative.

To make a payment by telephone please call 812-384-4446 or 800-489-7362.

Gather your bills, including account numbers and the addresses to where you mail the payments. Enter each biller's information into your bank's online bill pay platform, or choose them from a list provided by your bank. Choose when to send the payment.

If lender requirements are met, and the financial position of the Co-op permits, EMEC could retire a small percentage of the patronage capital. In this context, “retirement” means converting equity to cash and returning it to Co-op members.

Indiana Michigan Power partners with BillMatrix for immediate payments by phone. Call BillMatrix toll-free at 800.611. 0964 to make a payment. Pay by credit, debit, some ATM cards or e-check.

Patronage Refund: A payment from a cooperative to a. patron from net margins based on quantity or value of business done with or for the patron. The refund may be in cash and/or in the form of a document evidencing the patron's decision to have the cooperative retain the refund as an investment by the patron.