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Paul Bunyan Communications to return over $6.3 million to members in 2022

Paul Bunyan Communications recently announced that it will return over $6.3 million to its members in 2022.

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Paul Bunyan Communications
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Paul Bunyan Communications recently announced that it will return over $6.3 million to its members in 2022.

"As a cooperative, membership in Paul Bunyan Communications includes the opportunity 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. These allocations may then be returned to the individual members through capital credit retirements."

For current members with a distribution amount of $100 or less, credit has been applied to July bills. Checks have been mailed out for distributions of more than $100.

“The state of our cooperative is very strong with over 28,000 active members throughout our 6,000 square mile service territory," Gary Johnson, CEO and general manager at PBC, said in the release. "It is rewarding to see all our efforts continue to pay off and return these profits to our membership."

Those who were members of the cooperative in 2003 and/or 2021 and accrued more than $10 in total capital credit allocations, but do not receive the credit on an account or a check by July 22, can contact Paul Bunyan Communications at (218) 444-1234.

Related Topics: BUSINESS
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