MANSFIELD — Tri-County Rural Electric Cooperative will be returning $750,000 in capital credits to members and former members of the cooperative beginning in December.

The Tri-County board of directors voted in October to approve the retirement of capital credits allocated to members’ accounts in 1989 and 2019.

Current Tri-County members who received electric service from the cooperative in the retirement years will receive a credit on their December electric bills.

Inactive Tri-County members entitled to a credit who have since moved from the cooperative’s service area will be issued paper checks, which will be mailed Dec. 14.

Capital credits reflect margins the cooperative realizes at the end of each year. Margins are the excess of income over expenses.

With headquarters in Mansfield, Tri-County Rural Electric Cooperative provides electric distribution service to approximately 17,000 members in Tioga, Potter, Bradford, Lycoming, McKean, Cameron and Clinton counties.