What if a Co-op Member dies?
Capital credits of a deceased member may be paid on a discounted basis without waiting for the 25-year cycle. However, estate payments are not automatic. A representative of the estate must request the credits by submitting an Application for Retirement of Decedent Capital Credits (see forms above). The Board reviews retirement requests (per Member Service Policy 11) and, once approved by the Board, a check will be issued to the estate and the account closed.