SHALLOTTE, N.C. – ATMC Board of Directors President Lyle Ray King recently announced that the cooperative has issued $2,000,000 in Capital Credit Refunds.
As a membership cooperative, ATMC refunds to its members portions of revenues not used for expenses in a given year. These refunds are called Capital Credits. In July, ATMC’s Board of Directors approved a refund of $2,000,000 to current and former cooperative members who had telephone service in 1996. This disbursement also includes cable television refunds for the years 1989-1995. This is the first time the cooperative has issued refunds for cable television services. Only members who had services during these years will receive a check.
