BEMIDJI 鈥� The cooperative Paul Bunyan Communications is distributing a capital credit return to its members.
According to a release, Paul Bunyan Communications is providing more than $3 million back to cooperative members this month. When profits are earned by the cooperative, they are allocated to the members based on their proportional share of the allocable revenues.
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"Our cooperative is thriving, standing as the largest broadband cooperative in Minnesota with over 30,000 active members spread across our 6,000-square-mile service area," said Paul Bunyan Communications CEO/General Manager Gary Johnson in the release.
The release states that current members with a distribution of $100 or less had credits applied to their August bills. Checks have been mailed out for distributions of more than $100.
If you were a member of the cooperative in 2003 and/or 2023 and accrued more than $10 in total capital credit allocations, but do not receive the credit on your account or a check by Sept. 1, contact Paul Bunyan Communications at (218) 444-1234 or (218) 999-1234.
"For over 70 years, we have been offering the latest technology at cost...there are no membership fees or annual dues," added Paul Bunyan Communications Chief Financial Officer in the release. "Simply subscribe to a local phone line or GigaZone Broadband Internet service and you become a member."
