Shallotte, NC – FOCUS Broadband’s Board of Directors announced today that the cooperative will issue $1 million in Capital Credit refunds to current and former cooperative members who had qualifying services in a select portion of 1999, and/or 2022.

“Because of the continued success of our cooperative, we’re once again pleased to be able to give back to our membership through capital credit disbursements,” said Whitney King, FOCUS Broadband Board President. He added, “We are proud to be able to invest back in our community, whether through capital credit disbursements or the millions we are investing back in our cooperative service area through our fiber network upgrade, our members are always at the forefront of what we do.”

FOCUS Broadband is a membership cooperative, and because of that, portions of revenues not used for expenses are refunded to members through Capital Credits. This year’s allocation is part of over $61 million in Capital Credit refunds issued since the company’s inception.

Only members who had qualifying services during select portions of 1999, and/or 2022 will receive a Capital Credit refund. Members who are due a disbursement of less than $50 will see the refund applied as a credit on their September billing statement, members with a disbursement of $50 or more will receive a check in the mail. All Capital Credit checks will be mailed out by the first week in September. If you meet the eligibility requirements and have not received your refund by October 6th, please call 910-755-1609.