Usually not right away. An allocation notice records your share of the cooperative’s margins for a year; a retirement is the payment of previously allocated credits, and the Board of Directors decides when that happens. Read which one your notice describes.
In September 2026 the Board approved approximately $5 million in retirements, covering 100 percent of 2007 and 20 percent of 2008 allocations.
- Check whether the notice is an allocation or a retirement.
- Keep your mailing address current, since former members are paid by check.
- Contact customer service with questions about your own balance.
Supporting information: How capital credits work
Union Power Cooperative is a member-owned, not-for-profit electric distribution cooperative headquartered in Monroe, Union County, North Carolina. We provide electric service to members in portions of Union, Stanly, Cabarrus, Mecklenburg, and Rowan counties in North Carolina. Founded in 1939, Union Power Cooperative’s official website is union-power.com.