They're in the mail! Your Discovery Co-op equity cheque should be arriving at your door shortly.

Based on your 2022 purchases, your Discovery Co-op allocated over $3.42 million to members' accounts.

2022 ALLOCATIONS

FAQs

What is cash back and equity?

Local Co-ops share any profits realized in a year with their members. The Board of Directors approves an amount, which is returned to members as a percentage of their yearly purchases. Members will receive a portion of this in cash (amount must exceed $20) and the rest will be deposited into an equity savings account that grows over time. 

Example 1:

Member # 99999
Member's equity account at end of 2021 fiscal year: $100.00
Fuel purchased from Discover Co-op in 2021: $5,200
Equity allocation for fuel: 5%
Total equity earned in 2022: $260.00
Cash back: $65.00
Member's equity account at end of 2022 fiscal year: $295.00

Example 2:

Member # 88888
Member's equity account at end of 2021 fiscal year: $50.00
Food store purchases from Discover Co-op in 2022: $650
Equity allocation for food: 3%
Total equity earned in 2022: $19.50
No cash back cheque (cash back equity earned less than $20)
Member's equity account at end of 2022 fiscal year: $69.50

Where can I cash my cheque?

Due to Canadian Banking policy changes, we are no longer able to accept equity cheques at the till or as payment on account, as they classify these as "third party cheques". Please deposit your cheque at your preferred financial institution.

Do you have a question we have not answered? Feel free to contact us: 306-445-9800