Members of Coastal Electric Cooperative who received electric service in 2010 will soon have money coming their way.

The cooperative announced plans to retire $1,395,245.24 in capital credits this month, returning those funds to members as part of its not-forprofit business model. The member-elected board of directors approved this year’s capital credits retirement during its Oct. 29 meeting.

Capital credits are a cornerstone of the cooperative’s structure. Because Coastal Electric is a member-owned, not-forprofit utility, revenue that exceeds operating costs is allocated to members based on their electric use. When the co-op’s financial condition allows, a portion of those margins, known as capital credits, is retired to members.

Members who are due $25 or more will receive checks in December, while smaller amounts will be applied as bill credits beginning in mid-November.

To date, Coastal Electric Cooperative has retired more than $22 million in capital credits to members since its founding.

Former members who no longer receive electricity from Coastal Electric are also eligible for capital credits retirements for the years they were served. The cooperative encourages past members to ensure their current mailing addresses are on file to receive any future disbursements.

For more information about capital credits, visit www.CoastalElectric. coop/capital-credits.