611 2nd Street, P.O. Box 459, Cordova, AK 99574

Patronage Capital & Credits

Unclaimed or Uncashed Patronage Checks

As of 2010, Patronage Capital checks have been paid out for the year 1988. Our policy is to hold unclaimed PC checks for at least one year. To see if you have an unclaimed patronage captial check waiting for you, call our office at (907)424-2345. Notice of any future Patronage Capital checks can be accessed here.

What are patronage capital credits?  Because CTC is a cooperative, owned by its members, it doesn’t technically earn profits. Instead, if revenues exceed the cost of doing business (expenses), the Co-op earns margins (profits). Each year, margins earned are assigned to members in proportion to the amount each paid for telecommunication services that year. These assigned margins are called patronage capital credits.

Who receives patronage capital credits?  All members who have service with CTC during a year the Co-op earns margins are assigned patronage capital credits.

What does CTC do with patronage capital credits?  CTC retains patronage capital credits for a period of time to help fund capital projects like new services for subscribers, service to new areas and plant upgrades. This keeps costs down by allowing us to minimize our borrowing and decreases our debt load. This is exactly what patronage capital credits are intended to do – help keep your Co-op financially healthy.

When are patronage capital credits refunded?  These funds are distributed when management and the CTC board of directors believes it is a prudent thing to do based on the Cooperative's financial well being and need for capital to reinvest in infrastructure.

In 2008 patronage capital credits in the amount of $267,472.72 were distributed for the year 1986, bringing the total to $2,090,988.87 of credits distributed to our member-owners since the Cooperative’s incorporation in 1978. 

Capital credits are refunded early in situations of deceased members. An additional $30,240.84 has been distributed to the estates of deceased patrons. Unclaimed capital credits are used to fund scholarships for graduating Seniors at CHS and to date over $50,000 has been awarded to these outstanding students! 

How will patronage capital credits be refunded in the future?  Distributions are decided by the Board of Directors. Their decision may be based on the communications they receive from members, the company’s need for capital on a forward looking basis and the overall financial health of the Cooperative.

Though philosophies may vary from board to board, the CTC Board of Directors anticipates issuing checks whenever the Cordova Telephone Cooperative’s financial viability warrants. One of our cooperative goals is to make patronage capital payments periodically.


Unclaimed Customer Credits

Cordova Telephone has closed accounts with credit balances. Please call our office if your name is listed below so we can update your address today.

ANDERSON, KEVIN
BALLOU, JACK
BORODKIN, NICHOLAS
BOWEN, STANLEY
BRENNAN, R. TODD
BROOKSHIRE, JEFF
BROYLES, WENDY
BRUSASCO, TAMMY
CAIN, RYAN
CALVARIO, M.
CASTRO, VIRGINIA
CHAISTY, HELEN
CHUNG, STELLA
COOPER CONSTRUCTION
COOPER, MELVIN
DAVIDSON, MICHAEL
DAWSON, NEIL
DI BICCARI, ANDREW
DIAZ, J. GUADELUPE
DREADIN, ED
EASON, ROBERT & LEIGH
ESPEJO, CONSTANTINO
ESTES, MICHAEL B
EVANS, BILL
FALL, KENNETH
FLORENDO, DANNY
GEORGOPANOS, ALEX S.
GOMEZ, JOE CASS
GRAHAM, PHILLIP RYAN
GREENE, JAMIE
GREENFIELD, RICHARD
HAMMETTE, HAM
HORN, CHRIS
IZGUIERDO, GENARO
JACKSON, JOSEPH
JASKULA, JOHN
JESSEN, RANDY
JUSZKIEWICZ, JOSEPH M.
KAMMERER, TERRENCE
KAPPLER, CHRISTIE
KATAOKA, HISA
KNOPIK, JAMIAL
KRUCZEK, MATTHEW
LYNDEN PROJECTS
MADISON, JOSEPH
MAGANA, EDUARDO
MAGTOTO, HERMES
MATEO, PRUDENCIO
MAYES, CLELL
MC CASLAND, TOBYJOE
MC KINNEY, LLOYD
MC MILLAN, JAMES
MEHELICH, MARGARET
MILL, RICK
MILLER, TIM
MOBLEY, AMBER C.
MOORE, BRYAN
MORIN, MARK
MOTION, LEWIS H.
OLIVER, P.W.
ORDER OF EASTERN STAR
OSBORN, TREVOR
PETTIT, DANIEL
PFARR, CHRIS
PICARD, JACQUES
POWELL, THOMAS
QUIGLEY, DANIEL
QUINN, WAYNE
ROGERS, KEVIN
SHILLETO, BLAIR
SHULTS, DOUG
SHUNK, JAMIESON
SIEVEWRIGHT, JOHN
SILVER, HEATHER
SKAAR, IRENE
SKULSTAD, MIKE
SMITHART, MARK
SOTO, WILBERTO
SPROLES, BEVERLY
STOWE, ELIZABETH
STUART, JACOB
TAYLOR, JOHN
TIPPETT, AARON
TORPY, MATT
VAZQUEZ, JULIO
VELAZQUEZ, ALEJANDRO
VELIKANJE, GEORGE
VLASOFF, JOHN
WALSINGHAM, MARK
WERNER, DEBRA
WOLFE, CHRIS
YADAO, JESSIE C.
YUHAS, MELISSA