ATMC Issues $1.5 Million in Capital Credit Refunds
Shallotte, NC – The ATMC Board of Directors recently announced that the cooperative will issue $1.5 million in Capital Credit refunds to current and former cooperative members who had qualifying services in 1998 and/or 2019. “Because of COVID-19, this has been a challenging year for many of our members and we are proud to be able to give back to our community through these Capital Credit refunds,” said Doug Hawes, ATMC Board President. He added, “It is through the support of our members that ATMC has continued to have growth and success, and these refunds are a way that our members can share in that success.”
ATMC 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 $54 million in Capital Credit refunds issued since ATMC’s inception.
All Capital Credit checks will be mailed out by the first week in September. Only members who had qualifying services in 1998 and/or 2019 will receive a Capital Credit refund. Members 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. If you meet the eligibility requirements and have not received your refund by October 1st, please call 910-755-1609.
ATMC is a member-owned cooperative providing a multitude of communications services, including telephone, business services, wireless, broadband internet, cable television, and ATMC Security, in Brunswick County, North Carolina. ATMC provides services in additional areas through its wholly owned subsidiary, ATMC, LLC. ATMC is the largest communications cooperative in North Carolina and one of the largest in the country. For more information on ATMC products and services, visit atmc.com.