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The Power of Cooperative Membership

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Membership Plus Program

The Membership Plus Program is a program that provides you the opportunity to invest in the strength of your local electric cooperative. 

A minimum investment of only $5,000 will pay you a rate of return that will typically be greater than those paid on Certificates of Deposit (CDs) and money market accounts. 

Coastal Electric has been around for over 80 years. We have built our strength on our dedication to serve and commitment to community. It is this strength that makes investing in Coastal Electric a solid choice. So, why would you not  place your money with the company who has the strength of leadership and proven track record...and earns you more!


WHO WE ARE

Coastal Electric Cooperative, Inc. is a customer owned electric distribution cooperative, headquartered in Walterboro, South Carolina. Electric cooperatives are private, independent electric utility businesses who are owned by the consumers they serve. We are established to provide at-cost electric service and are governed by a board of directors who are elected from the membership.

Coastal Electric has been reliably serving the residents of Colleton County since 1940. As of March, 2020, we serve in excess of 11,700 electric accounts, via 1,736 miles of electric distribution line. It is our commitment to the community and focus on excellence that makes us a solid choice for your investment.

 

Program Details

  • Open to any member of Coastal Electric Cooperative and resident of South Carolina

  • Minimum Investment of $5,000

  • Additional Investment amounts in increments of $1,000

  • Interest and principal will mature in one (1) year

  • Maturity, interest will be mailed to the address on record

  • Investments are evidenced by unsecured promissory notes issued by the cooperative


The investment program is not insured by the FDIC or any other federal or state agency and there is a risk that the cooperative will not have sufficient funds
to repay you. Please consult with your financial advisors before making an investment in the cooperative and please read the Offering Memorandum Prospectus for complete program and risk details.
There is a penalty for early withdrawal