Minot, N.D. – The SRT Board of Directors voted to return $4,075,980 to members through the retirement of capital credits, which includes a special approval of $750,000 to honor the cooperative’s 75th anniversary.
“The SRT Board always looks forward to sharing the cooperative’s success and stability with members. This year marks an especially meaningful occasion for showing our appreciation to those who make SRT’s 75-year history possible,” said Stanley Vangsness, SRT Board President.
The cooperative also updated its process for distributing capital credits to increase efficiency. Members receiving $100 or more in capital credits will still receive a check by mail. Members receiving an amount from $5 to less than $100 will now receive a credit applied to their bill. Members receiving less than $5 will receive an allocation statement and the amount will be added to the next year’s account balance.
“Each decision we make is ultimately about creating value for our membership. Streamlining how we deliver capital credits is one way we can do that,” said Cassidy Hjelmstad, SRT CEO and General Manager. “As our 75th anniversary distribution of capital credits demonstrates, SRT enjoys nothing more than delivering value back to our members.”
The retirement includes a combination of the oldest year (2001) and a portion of the current year (2025) allocations. The amount is proportionate to the recipient’s past business with SRT. Credits applied to a member’s bill will appear in May and checks will mail in early June.
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 160 people and serves more than 25,000 customers across north central North Dakota. SRT earned the distinction as a Certified Gig-Capable Provider in 2017. Services include high-speed fiber internet, phone, and security/surveillance systems for home and business. Learn more at www.srt.com.
