Last month, Blackfoot’s Board of Trustees approved retiring $650,000 in capital credits to its cooperative member-owners. This week, checks were distributed directly to our member-owners. Capital credits are one of the many benefits customers receive as a Blackfoot Telephone Cooperative member.
We are excited to return this amount to our cooperative members. Given today’s environment, we know how important these funds are to members living, working and raising their families in our cooperative communities. If you live in our Montana-based cooperative area, I invite you to learn more about becoming a member-owner of Blackfoot.”Jason Williams, Blackfoot CEO
Ownership in Blackfoot is based on the services purchased from the cooperative — meaning as a Blackfoot customer, you are a member-owner. Member account balances grow each year as services are purchased from Blackfoot. Based on the company’s financial performance, the level of Blackfoot’s capital investment and other factors, the Board of Trustees decides yearly whether to retire capital credits, resulting in a cash distribution to its cooperative members.
For more information on Blackfoot cooperative benefits, visit https://www.blackfoot.com/about/cooperative/.