What are capital credits?

As a Cooperative, HCTC’s bylaws provide that telephone service will be provided to members on a non-profit, service-at-cost basis. If payments in any year exceed the actual operating cost of providing telephone service, HCTC must credit the amount in excess of such costs to the patron’s capital credit account(s). Credits are determined annually and are based on patronage to HCTC so that each patron will be treated on a fair and equitable basis.