The amount of capital credits you earn in a given year is based on the amount of capital contributed to the Cooperative through payment of your monthly bill for communications services and the amount of operating margins realized by the Cooperative. Basically, the more communication services you use, the greater your capital credits will be.
Your membership in GVTC automatically activates your capital credits account and you begin accumulating capital credits immediately.
Annually, the GVTC Board of Directors will 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.
Capital credit checks are issued to customers at the GVTC Annual Meeting for active customers with current accounts. If you do not attend the meeting, your capital credit payment will automatically be applied to your account. Customers with past due balances will have the amounts posted to their accounts. Capital credit checks for inactive customers will be mailed out the first week of July.