--- title: 2021 Brings Another Year of Record-Breaking Capital Credits! description: We are so excited to announce that GVTC members are to receive record-breaking Capital Credits this year. image: https://blog.gvtc.com/hubfs/Capital%20credits%20feature%20image%20blog.png --- Search ![](https://blog.gvtc.com/hubfs/Capital%20credits%20feature%20image%20blog.png) # 2021 Brings Another Year of Record-Breaking Capital Credits! Published by [ Brianne Magott ](https://blog.gvtc.com/author/brianne-magott) on May 29, 2021 ![Money](https://blog.gvtc.com/hs-fs/hubfs/Internal/3.5.2021%20-%20Security%20Referral%20Program/Money.jpg?width=190&name=Money.jpg)We are so excited to announce that GVTC members are to receive record-breaking [Capital Credits](https://gvtc.com/gvtc-library/annual-meeting-capital-credits/capital-credits) this year. GVTC will be applying each members' Capital Credits to their next bill. If you are a member, you should see that credit in your upcoming monthly June statement. [GVTC](https://gvtc.com/) is a tax-exempt, member-owned Texas Cooperative, which means any revenues over and above its operating expenses are returned to its active members in the form of Capital Credits. This year, GVTC is excited to announce yet another record-breaking Capital Credit issuance amounting to $7.5 million in 2021, an increase from our 2020 Capital Credits amounting to $7,250,000. Led by the [GVTC Board of Directors](https://gvtc.com/about/board-of-directors), GVTC has released more than $57 million over the past ten years. "GVTC's ability to issue annual Capital Credits of this size is a testament to the hard work of our dedicated employees and the visionary leadership of our Board of Directors," says CEO & President, Ritchie T. Sorrells.  The GVTC Board of Directors annually reviews the cooperative's financial status to decide if capital credits are feasible and, if so, by how much. The amount released is in large part thanks to initiatives like our Member Dividend Program and the continuous fiber overbuild project in our service area. Overall, GVTC attributes it’s record-breaking $7.5 million Capital Credits to its local roots. We are so proud to be able to give back to our loyal customers! --- [![1016235_Blog CTA_3_032521-wifi](https://blog.gvtc.com/hs-fs/hubfs/1016235_Blog%20CTA_3_032521-wifi.png?width=760&name=1016235_Blog%20CTA_3_032521-wifi.png)](https://gvtc.com/) [Back to Blog](https://blog.gvtc.com) ## Related Articles ## [Record-breaking Capital Credits Coming in 2020](https://blog.gvtc.com/record-breaking-capital-credits-coming-in-2020) In a unanimous vote by the current GVTC Board of Directors, we’re excited to announce that GVTC... [Read More ](https://blog.gvtc.com/record-breaking-capital-credits-coming-in-2020) ## [2022 Brings Another Year of Record-Breaking Capital Credits!](https://blog.gvtc.com/2022-brings-another-year-of-record-breaking-capital-credits) GVTC is a tax-exempt, member-owned Texas Cooperative, which means any revenues over and above its... [Read More ](https://blog.gvtc.com/2022-brings-another-year-of-record-breaking-capital-credits) ## [GVTC Set to Release Capital Credits](https://blog.gvtc.com/gvtc-set-to-release-record-breaking-capital-credits) As we near summer, you can expect to receive your Capital Credits again this year. However, in a... [Read More ](https://blog.gvtc.com/gvtc-set-to-release-record-breaking-capital-credits)