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
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.
RTC Networks’ Board of Directors makes this decision by looking at the cooperative’s financial condition, cash flow, and upcoming projects.
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.
The allocation statement tells you how many capital credits were earned in that particular year.
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.
It is very important that you keep us informed of your current mailing address. If we can’t find you it is very difficult to send you your capital credit dollars.