Our members are our owners – having an equal say in how we’re run.
We’re set to hand back millions to our members and local communities over the next 10 years with our new membership offer – pioneering a different way of doing business.
In Autumn 2016 we’ll launch our new membership, which will reward members and their communities for trading with the Co-op. What will they get?
- 5% for you – every time members buy Co-op branded products and services (from a loaf of bread to a funeral plan), we’ll put 5% of what they’ve spent into their Membership account. Our members can then use that reward against their next purchase or save it for another time.
- 1% for your community – At the same time, we’ll give 1% of the value of the branded products or services they’ve bought, to a local cause chosen by them.
Share of profits
Plus, they’ll still earn points towards a share of profits, just like they always have. So when there’s a profit left over after we’ve reinvested in the business, they might be eligible for the payment of a dividend.
We’ve identified 1,500 communities around our Food stores and Funeralcare homes, where local causes and projects that are important to people in our communities will be given the opportunity to benefit from the new 1% donation scheme. In Autumn, members will be able to choose the local cause they want to support from a number of causes chosen by Co-op colleagues in their local area.
We’ll carry on finding new ways for our members to be involved as they want to be and have a say in the Co-op they own.
Why wait for the change? Become a member today.