What Are Capital Credits? Because YVEC is a nonprofit cooperative, any margins at year-end are allocated back to the members in the form of Capital Credits. These are non-interest earning capital funds. This allocation is based on the percent of margins applied to each member’s patronage during the year. Patronage is the total amount of the member’s billing for electric service.  Capital Credits are held in reserve to be used as operating capital and for possible emergencies until the Board of Trustees determines that a Capital Credit retirement can be made. In recent years, the practice has been to retire a portion of the current year, and also a portion of the oldest year with amounts still owing. It is important to keep our office informed of your current address if you move off our system so we will be able to mail your Capital Credit check when a retirement is made.  Please include your member number and past address if possible.

In the event of the death of a member, Capital Credits may be payable to the heir/s. For information and required documentation necessary to apply for these funds, please contact our office.