Equity Days
June 6, 2019

Equity days are back!!

Based on your 2018 purchases, your Discovery Co-op allocated over $2.84 million to members' accounts. Your Discovery Co-op will begin handing out equity cheques and statements to its members at the following locations and times:

Discovery Co-op Mall
Wednesday, June 12: 10:00am — 6:00pm
Thursday, June 13: 10:00am — 6:00pm
Friday, June 14: 10:00am — 4:00pm

NEW THIS YEAR: donate your equity cheque or make a cash donation to the Battlefords North Stars Mental Health initiative with all proceeds going to the Canadian Mental Health North Battleford Branch. 


2019 ALLOCATIONS
Food2.00%
Bins, Augers, Chemical and Seed1.00%
Fertilizer1.00%
Home Centre0.50%
Oil & Grease4.00%
Propane4.00%
Fuel5.00%
Farm Hardware and Feed1.00%



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 2017 fiscal year: $100.00
Fuel purchased from Discover Co-op in 2018: $5,200
Equity allocation for fuel: 5%
Total equity earned in 2018: $260.00
Cash back: $65.00
Member's equity account at end of 2018 fiscal year: $295.00

Example 2:

Member # 88888
Member's equity account at end of 2017 fiscal year: $50.00
Food store purchases from Discover Co-op in 2018: $650
Equity allocation for food: 2%
Total equity earned in 2018: $13.00
No cash back cheque (cash back equity earned less than $20)
Member's equity account at end of 2018 fiscal year: $63.00

What happens if I don't pick up my cheque/statement?
If your cheque/statement is not picked up during the equity days pick up time above, it will be mailed out following the end of equity days. Please allow 4-6 weeks for mailing.

Where can I cash my cheque?
If you want straight cash, your financial institution is your best option. If you are shopping, and plan on spending most of your cheque in one store, you can use your cheque with us today. You can apply your cheque directly to your charge account (if you have one) at the administration office.

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

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