ATMC is a membership cooperative. As such, our members are the owners of the company, they elect the Board of Directors. Members are invited to attend the Annual Meeting at which they can hear the annual financial report, listen to the reports from both the President and the Manager, and learn about cooperative products and services.
Another benefit of the cooperative way of business is the annual allocation of capital credits to the members. As a membership cooperative, Atlantic Telephone Membership Corporation refunds to its members portions of revenues not used for expenses in a given year. Capital Credits are each member’s portion of the operating margins (or profits) of the cooperative. At the discretion of the Board, and when financial conditions warrant, these credits are paid in cash to the members.
Who is Eligible
Any person over the age of 18, a partnership, a corporation or other legal entity located in ATMC’s cooperative service area may become a member of the cooperative by purchasing telephone or cable TV services from the company and by meeting all requirements established by the company.
To Become a Member
We’ve given back over $49.4 million to our customers.
When the Board of Directors approves a refund for a given year, these refunds are mailed to the address on file for members who had service during that year. Refunds that are returned to the cooperative are placed in an Unclaimed Capital Credit Checks account and are available to members presenting the proper identification or legal beneficiaries of deceased members’ estates when accompanied by the appropriate documentation.
To claim a check, download the Property Claim Form, complete, and return to:
Attn: Unclaimed Property
PO Box 3198
Shallotte, NC 28459
To request a Property Claim Form be sent to you, or for questions about how to complete the form, please contact us at: 910-755-1645.