What is retirement of capital credit or refund?

It is the return of members’ capital credits. Retiring capital credits is a way of ensuring that each generation of members pays its own way. Pioneer Communications operates on an at-cost or nonprofit basis by annually allocating to each member, based on the member’s purchase of services, operating revenue remaining at the end of the year. Later, as finances permit, these allocated amounts, or capital credits, are returned to members, by check.

December 12th, 2017|