ATMC to issue more than $1.75 million in capital credit refunds

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By Staff Brunswick Beacon

Allen Russ, CEO/General Manager of Atlantic Telephone Membership Corporation (ATMC), recently announced the cooperative will issue more than $1.75 million dollars in capital credit refunds.

Since ATMC is a membership cooperative and is owned and governed by its members, the company refunds its subscribers portions of revenues not used for expenses in a given year. These refunds are called capital credits. This year, ATMC’s Board of Directors approved a refund of more than $1.75 million to current and former cooperative members who had service in 1994.

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