If you were a Coastal Electric Cooperative member in 2010, money may be coming your way.

The cooperative announced it will retire $1,395,245.24 in capital credits this month to members who received electric service during 2010.

The cooperative’s member-elected board of directors approved the decision during its Oct. 29 meeting.

Because Coastal Electric operates as a member-owned, not-for-profit cooperative, revenues that exceed the cost of providing service are retired to members when the co-op’s finances allow. Those margins, known as capital credits, represent each member’s ownership share in the cooperative.

Members who are due $25 or more will receive checks in early December. Refunds under that amount will appear as credits on upcoming bills, beginning in mid-November.

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

Former Coastal Electric Cooperative members who have since moved off the system are eligible to receive capital credits retirements for the years they were served and should keep their mailing addresses up to date with the co-op.

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