GVTC Blog

GVTC Member Dividend Program Increases Dividend

by Paula Novodvorschi | May 29, 2019

Last year, GVTC launched its Member Dividend Program (MDP) to further reward its loyal member-owners for "choosing local." Curious if you're eligible? Read on.

In June 2018, the GVTC Board of Directors approved trimming active member payments by 20% every month, on qualifying services, simply for being a loyal member of the co-op. #0000076280-001-9

MDP

This year, GVTC is taking things further. As of July 1, 2019, the GVTC Board has again approved a 20% member dividend for active members opted into MDP! Due to the overwhelming success of the program and the increase in GVTC membership, GVTC is increasing MDP distribution from $9.7 million in 2018 to $10.7 million in 2019.

"The success of this program is due to the continued loyalty of our customers and in large part the hard work of our dedicated employees and the visionary leadership of our Board of Directors," says CEO & President, Ritchie Sorrells.

To qualify for the Member Dividend Program, active members are required to verify membership information by logging into their account at gvtc.com or by calling 800.367.4882 and speaking to a Customer Care Representative.Unique in comparison to other national cooperatives, this program sets the bar for customer appreciation and member loyalty. Members will also continue to receive their annual capital credit checks—totaling a record-breaking $7 million in 2019!

For more information about the GVTC Member Dividend Program, visit gvtc.com/MemberDividend for more details.