Mid-Rivers pays out more than $1 million in capital credits
August 26, 2022
On August 19, 2022, Mid-Rivers Communications released a payment of capital credits to the Cooperative’s members and patrons, with a capital credit retirement totaling approximately $1,074,000. The 2022 retirement is comprised of the remaining balance of the 1995 allocation and a portion of the 2021 patronage allocation.
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,” o...