Wabash Mutual Telephone Company was established as a cooperative in 1911. As a customer of the cooperative, you are a member-owner. Simply by subscribing to internet, TV or phone service on our fiber or copper network, you are making an investment in a company that you have ownership in.
As a member of the cooperative, you are entitled to benefits that are not available to customers of private or big name companies. Some of these benefits include:
- Board of Directors Election: Your vote is important to elect Directors that make crucial decisions for the company while protecting your investment.
- Patronage Capital: Any net profit is allocated back to members in the form of patronage, or capital credits. Your percentage is tied directly to what you’ve invested.
- Concern for Community: One of the seven principles of a cooperative. Wabash invests in our communities, including members, businesses and schools that depend on the latest technologies to remain competitive and be successful in today’s global economy.
Patronage
To operate the business, patronage capital remains with the cooperative for a certain amount of time before it is retired, or returned, to members as bill credits. The Board of Directors determines the appropriate time and amount that is returned.
If You Move
It’s important to let us know your forwarding address if you move and no longer have Wabash service so we can forward your patronage check. At the time your services are canceled, your membership will be canceled. Any patronage capital earned will remain with the cooperative until it is retired. If we cannot locate you after a certain amount of time, unclaimed monies are placed back into the fund.
Patronage of Deceased
Patronage will be retired in full upon the death of the membership holder(s) or dissolution of a business.