As a member-owned cooperative, MTA assigns margins (profits) to its members, based on the amounts they were billed for telephone service during the year. These assigned margins are called capital credits and are evidence of your ownership in MTA.

The funds belong to individual member-owners, but are retained by the cooperative as working capital and equity. The availability of this working capital reduces the amount of money MTA must borrow, which assists in providing members with state-of-the-art services at the lowest possible cost.

On an annual basis, MTA’s Board of Directors reviews the financial condition of the cooperative and elects to either approve or disapprove a return of capital credits to its members.

Throughout the last decade, when the Board approved the return of capital credits, it was based on a 20 year rotation cycle and a portion of the capital credits allocated in the previous year. For example, the 2005 return contained capital credits from 1985 and 2004.

To reduce costs, MTA applies capital credits returns equaling $40 or less, to current customers’ bills. If a return is over $40 or the recipient is no longer a customer, we mail or even hand-deliver a check.

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To ensure future allocations are correctly assigned and distributed, it is important that MTA be advised of any address or member name changes, even if you no longer have active service.

Link to Update Your Address »