Each year, after assessing the co-op's financial status, our Board of Directors may approve the retirement of capital credits. If approved, general retirements are processed at the start of the year. Active members will see a credit on their bill, while inactive members will receive a check if their address is up to date and the amount is over $5.
We retire capital credits using the FIFO (first-in, first-out) method, meaning the oldest credits are paid first. We're currently on a 22-year payout schedule.
