Capital Credit Basics
Margins allocated back to members based on electric use
What are capital credits?
Seek professional advice
Are capital credits taxable?
Death Certificate only
What is needed when an individual passes that is part of a joint membership?
July
When are members receiving Allocation notices?
Recording of your share of margins (not payment)
What is “allocation”?
In 20-30 years
When will I receive payment for the credits I was just allocated?
Death Certificate and Application for Payment of Capital Credits of Deceased Member
What is needed for an heir to take over capital credits when an individual passes that had a single membership?
December
When was our last Capital Credit Retirement?
Pay out of allocated credits to members
What is capital credit “retirement”?
Funds are used to maintain and improve the system while avoiding additional debt
Why doesn’t the co‑op pay out credits immediately?
Affidavit of Transfer
What form do we need completed to remove someone from their current joint membership?
The members
Who owns the cooperative?