The Garden Valley Technologies Board of Directors has approved a Discounted Capital Credit Buyout Program. For the first time in its history, GVT members can choose to receive a lump sum payout of their capital credit balance for the years 2002-2022 at a 50% discounted value. For example, if a member has a $2,000 capital credit balance, the discounted buyout amount would be $1,000. With a cap set at $3,000,000, the Discounted Capital Credit Buyout Program operates on a first-come, first-served basis. Letters were mailed to all past and current members in mid-September and included details about the program, current capital credit balance, payout amount, and an application for the program. Please see complete program details on our website at

To apply for the Discounted Capital Credit Buyout Program:

  • Application window: 9:00am Monday, October 9, 2023 through 5:00pm Thursday, October 12, 2023 on a first come, first-served basis. Applications will ONLY be accepted during this application window. 
  • Applications received before or after the timeframe listed above will not be accepted.
  • Two ways for you to apply:
    • In person at one of our Retail Stores in Erskine, Bagley, or Thief River Falls
  • Mailed applications will NOT be accepted.
  • Applications will be processed in the order they are received, emphasizing the program’s fairness.
  • If dropping off your application in person, the application must be completed prior to arriving.
  • Members whose applications are received before the $3,000,000 cap is reached will be issued their discounted capital credits in the form of a check via regular mail in December 2023.
  • All applications received after the $3,000,000 cap has been met will not be eligible for a discounted payout. Those members will maintain their current capital credit balance and will receive future payouts as scheduled.
  • Proper taxpayer identification must be included with all applications (Social Security Number or EIN).
  • Applications for joint memberships must be signed by both members.
  • Any uncollectable balance on a member’s account will be deducted from the discounted distribution.
  • The Discounted Capital Credit Buyout Program is completely voluntary, you are not required to participate. GVT plans to continue with quarterly 85+ payouts and will future capital credit yearly distributions based on the Cooperative’s financial condition.

Application Drop Off Locations:
Monday, October 9: 9am – 5pm  |  Tuesday, Oct. 10 – Thursday, October 12: 8am – 5pm

Mon, Oct. 9 – Thurs, Oct. 12
206 Vance Ave. S.

Thief River Falls
Mon, Oct. 9 – Thurs, Oct. 12
1412 3rd St. W (New GVT Retail Store)

Monday Oct. 9
Old Kubiak’s Location
Corner of 1st St. & Gatchell Ave (one block from GVT)

Tues, Oct. 10 – Thurs, Oct. 12
105 Main Ave. N (GVT Retail Store)

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