Board Votes to Payout Capital Credits to all MEA Members

Last Updated: 
October 25, 2021

Palmer, AK - MEA's Board of Directors has approved a capital credit retirement to all of MEA's membership. The capital credit retirement of $2.3 million will be a split payout: 50% of the retirement will be distributed to the 1987 and 1988 membership we have been actively paying out, and the other 50% will be distributed to all members who earned capital credits after 1988. A member's capital credit payout may be first applied to any delinquent or uncollectible accounts owed to MEA, and any capital credits in the amount of less than $25 will be applied to active account balances. Capital credit retirement checks (for retirement amounts more than $25 or for inactive accounts) are anticipated to be mailed before the end of this year. To learn more about capital credits, click here.

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