Mid-Rivers returns over $1 million in capital credits to patrons
August 30, 2019
On Friday, August 23, 2019, Mid-Rivers Communications mailed capital credit checks of $1,042,000.00 to its cooperative members and patrons. The 2019 distribution of capital credits includes 17% of the remaining unretired balance for the year 1994, as well as 5% of the 2018 patronage allocation.
Receiving capital credit checks is just one of the many benefits that comes with 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 c...