Mid-Rivers pays out nearly $4 million in capital credits
August 27, 2021
On August 20, Mid-Rivers Communications released its largest payment of capital credits in the Cooperative’s history to members and patrons, with a capital credit retirement totaling nearly $4 million. The higher retirement amount was made possible by the gains from the 2020 sale of the Cooperative’s wireless operations.
Cooperative businesses are owned and democratically controlled by their members. Receiving capital credit checks is one of the many benefits of utilizing the services of a cooperative. Any profit is distributed to patrons in proportion to their use, or “patronage,”...