What are capital credits?

One of the benefits of being a cooperative member is that you are entitled to receive a portion of the cooperative earnings. A patronage refund is a way of distributing the cooperatives net income to its members. Patronage refunds issued in the form of allocated surplus can only be retired, or paid to members, upon approval of the board of directors. Each time a patronage distribution is issued, the cooperative will notify eligible members of their refunds.