Page Menu

What Are Capital Credits?

Capital credits are your reward for doing business with your cooperative. RTC Networks uses capital credits to operate and to make capital improvements. By using capital credits, RTC Networks is able to hold down the cost of service and provide state-of-the-art service to you the member-owners.

Unclaimed Capital Credits

RTC Networks has Unclaimed Retired Capital Credits for the individuals and businesses listed below. These cooperative members may have moved out of the area without leaving a forwarding address, may no longer be living, or we may not have a W-9 form on file. If not claimed, some of these capital credits may be forfeited.

If you are one of these cooperative members (or the administrator of their estates), call RTC Networks at (701) 862-3115 or email us. We are unable to share information if you are not on the account. Please do not contact us regarding another person or account.

Even if you do not have unclaimed capital credits, please keep your mailing address current so we are able to mail you any future general capital credit retirements.

If you received a letter requesting a W-9, you can upload your form or complete an online version.

Capital Credits FAQs

How are credits earned?

You accumulate patronage each year you receive internet, phone, and TV services from RTC Networks. At the end of each fiscal year the cooperative’s margin, the excess after operating costs and other expenses, is determined. The margin is allocated to you, the member, in the form of capital credits. The capital credits remain in your membership account until the board of directors authorizes the release of capital credits.

 

What amount has been retired each year?

1962-1999: $8,215,247
2000: $603,468
2001: $470,836
2002: $552,671
2003: $582,993
2004: $728,222
2005: $814,806
2006: $906,114
2007: $905,174
2008: $265,945
2009: $371,190
2010: $262,744
2011: $299,665
2012: $288,691
2013: $351,387
2014: $266,068
2015: $456,787
2016: $370,898
2017: $375,829
2018: $412,467
2019: $545,111
2020: $442,976
2021: $1,837,793
2022: $2,169,231
2023: $1,830,768
Total: $24,327,081

What happens in the case of a closed business?

Capital credits associated with a closed business can be released if the business has been closed for at least 1 year prior to applying. The RTC Networks’ Board of Directors reviews each request at a board meeting and determines whether the cooperative will release the capital credits. See “How does RTC Networks decide what to pay out?” above.

What happens in the case of an estate?

The individuals handling the final affairs of an estate must apply to have the capital credits released. The RTC Networks’ Board of Directors reviews each request at a board meeting and determines whether the cooperative will release the capital credits.