A cooperative is a business. A cooperative business belongs to the people who use it - people who have organized to provide themselves with the goods and services they need. A cooperative operates for the benefit of its Members. These Member-owners share equally in the control of their cooperative. The Members elect directors which in turn hire management to manage the day to day affairs of the cooperative in a way that serves the members' interests.
Members invest in shares in the business to provide capital for a strong and efficient operation.
This is a one-time fee and is required to be paid when service is established. These credits do not represent cash held in your name. A detailed allocation process is then applied to compute each Member's share of the Patron's Equity. This computation is affected by the Member's contributions to revenue through local service revenues, access minutes and directory advertising. The Board of Directors of MCC determines when the credits are distributed and which years of capital credits are to be paid.