Will my heirs receive my allocated Capital Credits?

Yes, for individual memberships the heir of the member of record is able to collect on all applicable Capital Credits at a discounted lump sum; however, for a joint membership, this is not an option. The (shared) Capital Credits will remain with the surviving joint member. The account will be transferred into the survivor’s name as an individual membership, and he/she will receive Board-approved Capital Credits annually in his/her name.

Leave a Reply