As a cooperative, we require any new member to pay a one-time membership fee. This fee covers the administrative costs associated with your membership. By becoming a member, you receive the following benefits: Ability to purchase telecom products and services from MdBC to increase your market share, reach new markets affordably, increase your recurring revenue, reduce your recurring costs, increase reliability and redundancy, enhance your service offerings, and increase your visibility among your customers.
You may receive dividends each year, as may be authorized by the Board of Directors depending on the level of products and services you purchase from MdBC. These dividends, commonly called Capital Credits, may be calculated based on the profits of MdBC, your share of the revenue generated for MDBC, and the percentage of capital credits applied to members as determined by your Board of Directors.
MdBC Membership fees are not deductible as charitable contributions. However, 95% is deductible as a business expense for tax purposes. The remaining 5% is non-deductible to the extent that MDBC engages in lobbying activities.
