In order to quickly deploy support to its membership, the Board of Directors at Federated Telephone has elected to mail dividend checks earlier than normal this year due to the COVID-19 pandemic. The combined total of the checks being disbursed is $1,127,705 which will go directly to the members and the communities served here in West Central Minnesota. Federated Telephone members can expect to see their dividend check arriving in their mailboxes this week.
These checks are traditionally not disbursed until the Cooperative’s Annual Meeting held in June. However, Kevin Beyer, General Manager of Federated Telephone Cooperative stated, “The Cooperative’s board felt it was important to get this money into their cooperative members’ hands and into our local communities, as soon as possible. The board hopes this will help ease financial burdens members may be experiencing during this unprecedented time.”