What is a retirement of Capital Credits?

A retirement of capital credits occurs when NCTC pays a member a certain portion of that member’s capital credit account. The Board of Directors annually reviews the financial criteria of NCTC and various legal requirements and determines if it is appropriate to retire capital credits. Likewise, the Board must determine the years for which capital credits are being retired as well as the amount of capital credits to be retired. These decisions are also based upon various financial criteria that measures the financial soundness of NCTC.