Mid-Rivers Pays Out More Than $1 Million in Capital Credits
August 30, 2023
On August 18, 2023, Mid-Rivers Communications released a payment of capital credits to the Cooperative’s members and patrons, with a capital credit retirement totaling approximately $1,024,000. The 2023 retirement includes a portion of the 1996 allocation as well as a portion of the 2022 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,” of the coopera...