The 7-member Board of Directors of Federated Telephone Cooperative consists of one member from each exchange and meets on a monthly basis to discuss the many aspects of the telecommunications industry. A Director is elected by all members of the cooperative to serve for a term of three years.
Roger Gerdes, Vice President
Tim Danielson, Secretary
Correll & Appleton
Lynn Swenson, President
Holloway & Danvers
Milan & Big Bend
As a local telephone subscriber, you are automatically a member/owner of Federated Telephone Cooperative. Your cooperative’s mission is to provide the best communication services at a fair price; offering people choices to be successful and enhance their quality of life. *Currently membership excludes Big Stone & Swift County Border-to-Border grant areas.
Easy to join; there is nothing you need to do other than sign up and use communication services provided by Federated Telephone Cooperative. As a local telephone subscriber, you are automatically an owner in a great company! *Currently membership excludes Big Stone & Swift County Border-to-Border grant areas.
Each year you will receive a Capital Credit Account Statement highlighting your capital credits that have been allocated. The balance on your statement is yours and over time this money will be paid to you! The Board of Directors determines the schedule for returning capital credits.
Once the operating costs and reinvestments in your cooperative have been met, the Federated Telephone Cooperative Board of Directors allocates the remaining money to the members in the form of “Capital Credits.” The amount allocated varies year to year.
Federated Rewards FAQ
The amount returned is based on how much business you do with the cooperative. The more services you use in a given year and the more long-distance calls you place, makes your share of the profit greater.
In order to operate the business, capital credits remain with the cooperative for a certain amount of time before they are returned to the members. Rural cooperatives, like any other business, must have the money on hand to provide current operating funds and to invest in facilities and new technology. The members have agreed through the cooperative's Bylaws to use the margins to stabilize operations for the cooperative. The Bylaws also stipulate the refund of capital credits based on the financial condition of the cooperative as determined by the Board of Directors.
Big name telephone companies have a main goal to make money. That’s why most of it ends up in their pockets and not in yours! On the other hand, Federated is a Cooperative, which means that our customers are members and "owners" of the company. Surplus dollars are refunded to you when approved by the Board of Directors. Take a look at the amount of business you do with Federated Telephone. How much are you spending with other companies? Is the other company really giving you a better deal?
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