The SRT Board of Directors has approved the distribution of $2,911,487 in credits back to members for 2024.

Credits will include the remainder of the 2000 allocation and/or a portion of the 2001 and 2023 allocations. Checks mail in early June.

“Capital credits are one of the great advantages of belonging to a cooperative,” said Kristi Miller, SRT Board President. “Our members share in our success and SRT values the opportunity to distribute profits back to them.”

How SRT Capital Credits Work

1. At the end of the fiscal year, SRT determines whether there are excess revenues, called margins.
2. The margins are allocated to members as capital credits based on the amount spent by the member during the year.
3. The Board of Directors decides to retire, or pay, the capital credits when the cooperative’s financial condition allows.
4. Members are notified how and when they will receive their capital credit distribution.

Members should inform SRT of changes to their current mailing address to ensure they receive any future capital credit retirements.

For more information on capital credits, visit srt.com/capitalcredits or call 701-858-1200.

SRT Communications, headquartered in Minot, North Dakota, is the state’s largest telecommunications cooperative. Established in 1951, SRT employs roughly 180 people and serves 24,000 customers across north-central North Dakota. SRT earned the distinction as a Certified Gig-Capable Provider in 2017. Services include high-speed internet, phone, and security/surveillance systems for home and business. Learn more at www.SRT.com.

MINOT, N.D. – SRT has announced the 2024 winners of five college scholarships, totaling $8,500, and two students who will attend the Foundation for Rural Service (FRS) Youth Tour.

The following four students each won a $1,500 SRT General Scholarship:

• Lucas Beeter of Minot – Minot High School – Magic City Campus
• Tallie Fedje of Bottineau – Bottineau Junior-Senior High School
• Shaylie Holen of Burlington – Des Lacs Burlington High School
• Mariah Lovro of Norwich – TGU Granville High School

Jamie Thompson of Antler won the $2,500 SRT Technical Scholarship. She will be attending Bismarck State College and will major in agriculture industry and technology (agronomy).

“This year we had a very competitive field of scholarship applicants,” said Cassidy Hjelmstad, SRT CEO and General Manager. “It was inspiring to see so many promising, hard-working young people pursuing their future through our scholarship program, and these five students truly earned their respective awards.”

In addition, Giovanna Zettell and Carmen Lindekugel, both of Newburg School, will represent SRT during the 2024 FRS Youth Tour in Washington, D.C. this summer. They will learn about the telecommunications industry, tour the nation’s capital, and meet with legislative leaders to discuss their experiences in rural North Dakota.

Applicants for the SRT Scholarship Program were judged on their scholastic performance and achievements, as well as volunteerism and community involvement. Students were required to write an essay discussing the value of traditional education, online education, and the vital role of high-speed internet in both.

The SRT Technical Scholarship can be awarded to a graduating high school senior or an undergraduate student currently enrolled in a two-year or four-year college. Applicants were required to submit volunteerism and community involvement, scholastic performance, and an essay describing how they can use their education and technology to reach rural and underserved populations. A letter of recommendation from a community member or educator was also required.

SRT Communications, headquartered in Minot, North Dakota, is the state’s largest telecommunications cooperative. Established in 1951, SRT employs roughly 180 people and serves 24,000 customers across north-central North Dakota. SRT earned the distinction as a Certified Gig-Capable Provider in 2017. Services include high-speed internet, phone, and security/surveillance systems for home and business. Learn more at www.SRT.com.