Mountain View Electric Association Board of Directors voted to retire (distribute) about $3.12 million in capital credits to members. Member-owners eligible to receive retired capital credits can expect a check in the mail in December.Since 2006, MVEA has retired more than $33.5 million back to members, said Jim Herron, chief executive officer.In total, the board voted to allocate almost $9 million in capital credits to be divided among MVEAís 43,000-plus accounts, based on the memberís annual revenue contribution to the co-op. All members will receive an allocation notice informing them of the amount of their respective capital credit funds. Active MVEA members can see their allocation balance on the top right hand corner of their November billing statement, and inactive MVEA members will receive a letter in the mail with their allocation balance.For additional information about MVEA and the electric cooperative difference visit http://mvea.coop.
