Phone cooperative pays out nearly $5 million to customers

6 will be the second largest capital credits payout to NNTC customers in the company’s history. On Dec. 1, capital credit checks were mailed to 4,492 current customers and 3,930 former customers, totaling nearly $5 million.

Northeast Nebraska Telephone Company is one of seven telephone cooperatives in Nebraska. Co-ops have the ability, with board approval, to pay their customers back as the company’s financial situation allows. Since money was made by NNTC, that money stays in northeast Nebraska, giving the area an economic boost.

Ninety-three percent of NNTC member customers will receive s...