What is the difference between allocated and retired capital credits?

Allocated capital credits are the amounts assigned to each member who was billed for service during a year in which margins were earned. While the credits are assigned to members, they are retained by the co-op for a period of time – 25 years – and are used as capital, which reduces GVEA’s need to borrow money. Allocated capital credits reflect your ownership in GVEA. When capital credits are eventually retired, GVEA will then issue refunds.