FOCUS Broadband to Issue $1.32 Million in Capital Credit Refunds
Shallotte, NC – FOCUS Broadband’s Board of Directors announced today that the cooperative will issue $1.32 million in Capital Credit refunds to current and former cooperative members who had qualifying services in 1999.
“Because of the continued success of our cooperative, we’re once again pleased to be able to give back to our membership through capital credit disbursements,” said Whitney King, FOCUS Broadband Board President. He added, “Not only are we giving back to our community through capital credits, but we are also investing millions into our cooperative service area through our fiber optic network upgrade. Benefitting our members is always at the forefront of what we do.”
FOCUS Broadband is a membership cooperative, and because of that, portions of revenues not used for expenses are refunded to members through Capital Credits. This year’s allocation is part of over $63.9 million in Capital Credit refunds issued since the company’s inception.
Only members who had qualifying services in 1999 will receive a Capital Credit refund. Active members who are due a disbursement of less than $50 will see the refund applied as a credit on their September billing statement. Members with a disbursement of $50 or more will receive a check in the mail. All Capital Credit checks will be mailed out in September. If you meet the eligibility requirements and have not received your refund by October 4th, please call 910-755-1609.
“Because of the continued success of our cooperative, we’re once again pleased to be able to give back to our membership through capital credit disbursements,” said Whitney King, FOCUS Broadband Board President. He added, “Not only are we giving back to our community through capital credits, but we are also investing millions into our cooperative service area through our fiber optic network upgrade. Benefitting our members is always at the forefront of what we do.”
FOCUS Broadband is a membership cooperative, and because of that, portions of revenues not used for expenses are refunded to members through Capital Credits. This year’s allocation is part of over $63.9 million in Capital Credit refunds issued since the company’s inception.
Only members who had qualifying services in 1999 will receive a Capital Credit refund. Active members who are due a disbursement of less than $50 will see the refund applied as a credit on their September billing statement. Members with a disbursement of $50 or more will receive a check in the mail. All Capital Credit checks will be mailed out in September. If you meet the eligibility requirements and have not received your refund by October 4th, please call 910-755-1609.
