HomeCapital CreditsI just received a notice regarding my Capital Credits. When can I collect those?
I just received a notice regarding my Capital Credits. When can I collect those?
Per Cooperative Bylaws, the Board of Trustees determines how many years and how much of the capital credits will be paid out or retired for each year.
If you just received a notice regarding your capital credits, that notice covers patronage capital earned during the last calendar year. Right now, the Cooperative is not able to retire those amounts.
The Bylaws require that patronage be retired on a first-in, first-out basis. (Those who first earned capital credits must be paid first)
The first year the Cooperative earned a margin was 1947, so we have started with that year and will work our way toward present day as resources allow.