How membership works

We apologize for the inconvenience of the construction at the 13th Ave Co-op Mall and Service Station. When it is done, it will have been worth it!

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Your membership number is used when you make purchases at the various Medicine Hat Co-op locations. All purchases are recorded and tabulated, and after the end of our fiscal year (October 31); when it is determined what our total savings are, we allocate the savings back to each member on the basis of their purchases. From the allocation, we usually pay 35% in cash with the balance being added to your initial investment of $5.00. Once your total equity reaches the $1,250.00 (twelve hundred and fifty dollars) ceiling, as set by our Board of Directors, the full amount of the allocation is paid in cash thereafter. The amount you received from the earnings depends on how much you patronize your Co-op.

Allocations are paid annually in March. A member must spend approximately $800.00 a year in order to receive a cash earning; however their equity will increase by the amount of their allocation each year.

A member can take out their equity and close their membership if one of the following exist and subject to Board approval:

	Member has qualified under Age Bylaw (members 65 and over can be paid down to $200)
	Member has moved out of the trading area (requests must be sent by mail from your new address and are held for 60 days before checks are mailed)
	Member has passed away. (request is made by executor of the estate and the equity is paid out to the estate)

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