Capital Credits may be retired (paid) at the discretion of the CoServ Electric Board of Directors when the cooperative has met certain financial requirements and other obligations. A retirement cycle is the period of time between the allocation and retirement of the Capital Credits and can typically be 20 or more years for electric cooperatives.
In 2016, CoServ Electric retired another $12 million in Capital Credits! Since 2003, more than $96 million has been returned to current and former Members. Frequently asked questions are answered in the this 2016 retirement brochure.
CoServ Members received Capital Credit Retirements at the end of 2016. Amounts of $200 or more were distributed via check through the U.S. Postal Service; amounts of $199.99 or less appeared as a credit beginning in mid-December 2016 statements. For more details, please review the following: