Paul Bunyan Communications returns more than $2.2 million to members
BEMIDJI—More than $2.2 million has been returned to members of Paul Bunyan Communications, the cooperative announced last week.
Paul Bunyan Communications is a Bemidji-based nonprofit company that provides internet, television, digital voice, residential and business information technology services and is an Apple Service Center.
As a cooperative, membership in Paul Bunyan Communications allows members to share in the
financial success of the company, a release said. When profits are earned, they are allocated to the members based on their proportional share of the allocable revenues. The allocations may then be returned to the individual members through capital credit retirements.
"The state of our cooperative is very strong with over 22,000 members throughout our 5,500 square-mile service territory," said Gary Johnson, Paul Bunyan Communications CEO/general manager, in the release. "It is rewarding to see all those efforts continue to pay off and return these profits to our membership."
If you were a member of the cooperative in 2002 and/or 2017 and accrued more than $10 in total capital credit allocations, but do not receive a check by Oct. 22, contact Paul Bunyan Communications at (218) 444-1234 or (218) 999-1234.