Editor’s Note: We are proud to partner with the Southern Plains Co-op in celebrating their 75th anniversary. Today we are celebrating membership. Congratulations to the co-op on their 75th anniversary, and thanks for all you do in the community.
Why pick the co-op:
You are investing in a local company.
All members share in the profits based on the amount of their purchases.
All profits stay local.
Your co-op supports the community it serves.
We have been a part of your communities since 1946.
We contribute to property taxes in your communities, yearly total of $314,976.
We employ 190 individuals, dispersing salaries of $6,056,335 yearly.
We provide a high standard of services and products to generate sales of $73,020,535.
We support and host local events with pride! With contributions of $166,445 and staff volunteer hours.
Award-winning business:
2017 EBEX Award for Community Involvement
2017 EBEX Award presented to our staff member for Outstanding Employee
2018 Estevan Mercury Best of Estevan Awards for our Bakery Department, C-Store locations and our Fuel Delivery Service.
2018 Community Involvement Awards presented to our Carlyle location from the Carlyle Chamber of Commerce. And our employee received the Under 17 Award for being helpful in the Carlyle community.
So why invest in a co-op?
We make your shopping experience one of a kind. And you see us involved at your many community events.
Your co-op number: how it works:
A one-time investment of $10 for your membership number. This number is used every time you shop at the Co-op and your purchases grow! At the end of the Co-op year (January 31) we calculate the total of all your purchases from all locations; you will know how much you spent on food, fuel, etc.
When the Co-op closes the books for the year and makes money, this profit is now shared back to you, the member, based on your purchases for that year. The more you purchase the more you get back. There are different pay back percentages for food and fuel.
We take your purchases and multiply them by the percentage the co-op is paying back. This example shows $7,000 was purchased in food and the co-op has decided to allocate two per cent on groceries. You also purchased $3,500 in fuel and the Co-op is paying back 4 1/2 per cent.
$7,000 x two per cent = $140 This comes back to you in equity dollars for food.
$3,500 x 4 ½ per cent = $157.50 This comes back to you in equity dollars for fuel.
This means you get $297.50 back in equity dollars.
If your Co-op has a good cash flow and they say they will pay back 25 per cent of that amount in cash, you receive a cheque for $74.37 for that year.
What happens to the rest?
It stays in your equity account and grows!
This is available to you when you reach the age of 65 and request the age payout. At that time we only keep $10 and the share will remain open and all future equity is paid out in full each year. You can also apply for full pay out if you move from the trading area.
Equity versus reward programs:
Southern Plains Co-op $3,500 for fuel purchases
3,500 x 4 1/2 per cent = $157.50 equity dollars
$3,500 fuel purchases = 3,500 Points (other reward program) = $20 free gas reward
$3,500 fuel purchased = 28,680 Points (other reward program) = $28 fuel savings reward
Air Miles $3,500 fuel purchased = 175 air miles
CO-OP! A GREAT CHOICE. WE LOOK FORWARD TO SERVING YOU
