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Paul Bunyan Communications Returns Over $2.6 Million to Members

(Bemidji, MN) (August 30, 2013) – Paul Bunyan Communications is returning over $2.6 million to members through its 2013 Capital Credit return.

Paul Bunyan Telephone Cooperative has mailed out checks to its members representing 75% of capital credits earned in 2000 and 20% capital credits earned in 2012. All subscribers who were a member in either of those years and accrued over $10 total in capital credits should receive a check in the next few days. The use of capital credit allocations are the cooperative’s way of individually securing each member’s share of the company’s net margins.

“We are very proud to once again issue capital credit returns to our members,” said Gary Johnson, Paul Bunyan Communications Chief Executive Officer and General Manager, “our cooperative remains strong because of the high quality of services we provide, loyalty of our members, leadership of the Board of Directors, and our dedicated employees.”

As a cooperative, Paul Bunyan Communications is owned by the members it serves. Per the Bylaws, membership is established by subscribing to one line of local telephone service. Once a member, other services that apply towards capital credit returns include Paul Bunyan Long Distance, Paul Bunyan Net, Paul Bunyan Television, and Minnesota Gold Yellow Page Advertising.

“It’s the cooperative advantage and a win-win for our members. They get high quality communication services at affordable rates and they share in our success,” said Brian Bissonette, Paul Bunyan Communications Marketing Supervisor, “the return a member receives is based on their patronage and our profit margin from that particular year.”

“It’s rare that a customer gets money back from a service provider,” added Dave Schultz, Chief Finance Officer, “the cooperative structure allows us to give back to those who make us successful. It is truly providing service at cost.”

If you were a member of the cooperative in 2000 and/or 2012 and accrued more than $10 in total capital credit allocations, but do not receive a check by September 28, please contact Paul Bunyan Communications at (218) 444-1234 or (218) 999-1234.

Paul Bunyan Communications Cooperative has been offering the latest in communication services to Northern Minnesota since 1952. The service area currently spans over 4,500 square miles throughout most of Beltrami County and portions of Itasca, Hubbard, St. Louis, and Koochiching County including Ash River, Blackduck, Cass Lake, Lake George, Laporte, Deer River, Bemidji, Grand Rapids, Puposky, Ponemah, Turtle River, Kelliher, Squaw Lake, Red Lake, Solway, Becida, Inger-Wirt, Cohasset, LaPrairie, Park Rapids, Big Falls, and Northome. Paul Bunyan Communications services include local and long distance phone service, Internet services through Paul Bunyan Net, all-digital television service through Paul Bunyan Television, and more. Certain services are not available in all locations. Capital Credits are distributed whenever economically feasible as determined by the Paul Bunyan Communications Board of Directors. Past performance of capital credit returns are no guarantee of future payouts.

 

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