Board Announces Patronage Refund
The Co-op Board is happy to announce a Patronage Refund to Co-op member-owners based on their 2021 purchases. More details will be included in the patronage refund letter.
What to Know About Patronage Refunds:
Patronage refund letters will be mailed later in April.
PLEASE USE YOUR REFUND! You must redeem your refund by July 29, 2022. Otherwise, your store credit becomes taxable for the Co-op, and you forfeit your refund.
A refund is not guaranteed each year: the Co-op must profit, and the Board must decide refunds are financially viable.
The amount will vary from year to year, as needs and profits do.
The more you spend the more you get back. The same percentage is applied to everyone’s purchases.
A percentage of the refund is withheld from distribution and stays in the Co-op. It belongs to the members as a group, to further build the Co-op and promote our practices.
The refund is not taxable income for those who receive it.
Thank you for supporting the Co-op and making refunds possible. It’s great to keep more of our money right here in the community.