As a not-for-profit electric cooperative, members-owners of Central Electric have a share in the cooperative's margins, called "capital credits."
Notices were recently mailed out to all members who received electric service in 2019 notifying them of their capital credit allocation from 2019. Allocation amounts are based on the cooperative margins and amount of electricity the member used in the year listed.
An allocation is not the same as a "retirement." Allocations are capital credits issued to the member's name but maintained by the cooperative to maintain adequate cash flow, collateral and show financial stability to obtain loans and maintain the cooperative system.
Allocations are paid out to members when capital credits are "retired" back to members. Retirements and refunds are approved by the Board of Directors as the financial condition of the cooperative allows.