In May, Garden Valley Technologies issued more than 17,500 checks to members totaling approximately $1.5 million in allocated capital credits. This capital credit payout represents a percentage of the capital credits allocated for 2002 and 2021.
Capital credits are one of the many benefits of being a GVT member. Because co-ops operate at cost, any excess revenues (called margins) are allocated and retired to members in the form of capital credits. “As a member-owned cooperative, it’s rewarding to see these dollars go back to people in our local communities,” explains Timothy Brinkman, CEO/General Manager of GVT. “Unlike a private company or corporation, our members earn money back for every dollar they spend with us.”
Garden Valley Technologies has paid out over $18-million of capital credits over the last 15 years to our member owners. In addition to providing residential and business members with advanced integrated communications and technological solutions at competitive rates, we believe that the payment of capital credits is another advantage of being part of a member-owned cooperative.