Mid-Rivers returns over $1 million in capital credits
August 17, 2018
On Friday, August 17, 2018, Mid-Rivers Communications mailed capital credit checks of $1,022,500.00 to its cooperative members and patrons. The 2018 distribution of capital credits includes 17% of the remaining unretired balance for the year 1994, as well as 5% of the 2017 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 patrons in proportion to their use, or “patronage,” of the cooperative's...