About RTC Networks
Capital credits are your reward for doing business with your cooperative. RTC Networks uses capital credits to operate and to make capital improvements. By using capital credits, RTC Networks is able to hold down the cost of service and provide state-of-the-art service to you the member-owners.
How are credits earned?
How does RTC decide what to pay out?
RTC Networks’ Board of Directors makes this decision by looking at the cooperative’s financial condition, cash flow, and upcoming projects. The First In First Out (FIFO) and Last In First Out (LIFO) methods are currently used for capital credit retirements.
What happens in the case of a closed business?
Capital credits associated with a closed business can be released if the business has been closed for at least 1 year prior to applying. The RTC Networks’ Board of Directors reviews each request at a board meeting and determines whether the cooperative will release the capital credits. See “How does RTC Networks decide what to pay out?” above.
Unclaimed Capital Credits
We have capital credit checks for individuals and businesses but the checks have been returned to us. These cooperative members may have moved out of the area without leaving a forwarding address or they may no longer be living.
What happens in the case of an estate?
The individuals handling the final affairs of an estate must apply to have the capital credits released. The RTC Networks’ Board of Directors reviews each request at a board meeting and determines whether the cooperative will release the capital credits.
What if I moved out of RTC Networks’ service area?
It is very important that you keep us informed of your current mailing address. If we can’t find you it is very difficult to send you your capital credit dollars.