Net Savings $8.1 Million $8.5 Million in Cash Paid to Members This Year Alone
When you become a member/owner of a Co-op, you are making a sound business investment in a community organization. At Co-op the profits and savings, belong to you, the member/owner.
Your $10.00 Membership Fee goes into your Share Account
Each time the member makes a purchase, he or she will be asked to give their membership number
Your purchases are recorded when you use your Member Number
Your purchases are totaled at year end (October 31)
A portion of your purchases will be added to your Share Account, based on the Co-op's profits Example: Year 2008 - 13.3 cents per litre on fuel purchases were given back
A percentage of your total Shares get paid out every year (usually 20%)
The balance gets carried forward to the next year and the process is repeated
Your Share Account will increase each year that you make purchases and your payouts will get larger
Members become eligible for payout of all their equity under the following circumstances:
When the member reaches the age of 65
When the member moves out of the Ste. Anne Co-op trading area
When the member is deceased (equity will be paid out to the estate)
For more information, call Ste. Anne Co-op Head Office at (204) 346-2667.
Co-op Equity and Cash Back