GVTC is a non-profit entity, and as such, any telephone related revenues over and above its telephone related operating expenses are earmarked and allocated to each of its member-owners. The allocations are made on a proportional share, based upon the dollar volumes that each individual member spends on telephone services with the cooperative. The more telephone services and products the members purchase from their cooperative, the greater the overall profits and the greater the members' allocation will be.
Each year, the GVTC Board of Directors review the financial status of the cooperative to determine whether a payment can be made to retire a portion of the capital credits previously allotted to its member-owners and if so, how much. They strive to operate in a prudent business manner so that the member-owners will continue to have the very best communication service possible at the lowest cost consistent with good financial stewardship and sound management practices.
GVTC allocated capital credits totaling $4.8 million dollars to its member-owners. GVTC's prudent financial decisions have allowed the cooperative to give back over $67 million dollars to its member-owners in the form of capital credit checks, since GVTC began operating.