The SRT Board of Directors has approved the distribution of $2,911,487 in credits back to members for 2024.
Credits will include the remainder of the 2000 allocation and/or a portion of the 2001 and 2023 allocations. Checks mail in early June.
“Capital credits are one of the great advantages of belonging to a cooperative,” said Kristi Miller, SRT Board President. “Our members share in our success and SRT values the opportunity to distribute profits back to them.”
How SRT Capital Credits Work
- At the end of the fiscal year, SRT determines whether there are excess revenues, called margins.
- The margins are allocated to members as capital credits based on the amount spent by the member during the year.
- The Board of Directors decides to retire, or pay, the capital credits when the cooperative’s financial condition allows.
- Members are notified how and when they will receive their capital credit distribution.
Members should inform SRT of changes to their current mailing address to ensure they receive any future capital credit retirements.
For more information on capital credits, visit srt.com/capitalcredits or call 701-858-1200.
SRT Communications, headquartered in Minot, North Dakota, is the state’s largest telecommunications cooperative. Established in 1951, SRT employs roughly 180 people and serves 24,000 customers across north-central North Dakota. SRT earned the distinction as a Certified Gig-Capable Provider in 2017. Services include high-speed internet, phone, and security/surveillance systems for home and business. Learn more at www.SRT.com.
