Cheques are in the mail! We are thrilled to celebrate Red River Co-op’s equity season with a $41.1 million return to you, our trusted and loyal members.
Your equity allocation is based on your purchases with Red River Co-op in the 2018 fiscal year. In your equity package that is coming with your cheque, you will find that our board of directors approved an allocation return of:
8.18% on fuel purchases (9 cents / litre)
2% on food purchases
5% on the full price of pharmacy prescriptions
Due to exceptional market conditions in the energy sector and positive sales growth in pharmacy and at our food stores, we are excited to share our profits with you.
As a cooperative, we are a different kind of business and profit sharing is just one way we do things differently. Returning profits to our membership ensures that the money stays in the communities we serve to better the lives of our members and the communities in which they work, live and play. $35.7 million in cash is being returned to our membership and the remainder of equity earned stays in the members’ equity accounts with Red River Co-op.
Members over the age of 65 can apply to have 100% of their equity (less the initial $5 membership fee) repaid to them in cash. Once approved, they will receive their full annual allocation in cash each and every year.
Have questions about your equity package? Our fantastic member services team is here to help!
Phone: (204) 272-8989
Outside Winnipeg: 1 (844) 616-1447
Check out the video above to learn more about how Red River Co-op does business differently. We employ local people, support local growers and producers by selling over 500 Manitoba-made product in our stores, and we fill needs of the communities we serve.
We are a business with a social conscience, and we give back to worthy local causes that matter to you, our members. Our community relations program supported 72 local charities and non-profits with $125,000 cash and in-kind donations. Additional 2018 community support highlights include a $50,000 donation to Siloam Mission and $10,000 to Inclusion Selkirk through Red River Co-op’s Fuel Good Day in September, and a $15,898 donation to the Children’s Hospital Foundation of Manitoba from the sale of Winnipeg Blue Bomber collector cups.
Red River Co-op is a different kind of business and we think that’s pretty cool. Thank you for your continued support of our fuel, food and pharmacy businesses. Because you choose to be a member of Red River Co-op, together we can continue to help our communities grow and be better places to live, work and play.