Mid-Rivers returns over $1 million in capital credits to patrons
August 25, 2017
On Friday, August 18, 2017, Mid-Rivers Telephone Cooperative, Inc. mailed capital credit checks of approximately $1,004,000 to its members and patrons. The 2017 distribution of capital credits represents 100% of the remaining balance of the 1993 patronage allocation, 11% of the remaining unretired balance of the year 1994, as well as 5% of the 2016 patronage allocation.
Receiving capital credit checks is just one of the many benefits of utilizing the services of a cooperative. A cooperative business is owned and democratically controlled by its member patrons. Any profit is distributed to...