Triangle Mailing Out Capital Credit Checks

The Triangle Telephone Cooperative, doing business as Triangle Communications (Triangle), Board of Trustees approved a general retirement of capital credits of approximately $861,120.67. This sum represents 30% of the capital credits earned by members in 1991 and 0.005% (1/2 of 1%) of those earned from 1992 to 2015.

Triangle is mailing out capital credit checks to current and former cooperative members the beginning of October. The amount of each check varies based on how much usage the member had with the cooperative during the year or years being retired.

Capital credits are just one benefit of cooperative membership. Because the members are the owners of the cooperative, each member is allocated a portion of the cooperative’s profits each year. These allocations are paid out as general retirements in future years depending on the financial position of the cooperative.