Share in Our Profits
June 15, 2023

2023-2024 Allocation

Member-owners receive dividends based on their yearly purchases and our overall performance and profits as a local Co-op. For the 2023-2024 fiscal year, North Central Co-op continue to focus our efforts on expanding our network and offering more opportunities to shop Co-op. We converted 10 Husky sites to Co-op gas bars, opened new gas bars in Spruce Grove, West and South Edmonton, a new liquor store in Spruce Grove, and a new food store in St. Albert.

Despite an aggressive growth strategy, North Central Co-op’s total sales for the year ending January 31, 2024 amounted to just over $372 million with a net savings of $1.849 million. This growth comes at a cost, but enduring the short-term sacrifices now will ensure we remain resilient, and have a sustainable future and continue to be relevant while serving our communities for decades to come. For this reason, we will not be in a position to provide a general cash allocation this year as we work diligently with our partners at Federated Co-operative Limited (FCL) to ensure we can digest the new acquisitions and normalize our operations. As a result, your locally elected Board of Directors approved allocation of $785,569 to North Central Co-op member-owners only into our equity membership reserve* based on the following:

  • 0.25% Food and Liquor purchases
  • 0.25% Home Centre purchases
  • 0.75% Full Pharmacy prescriptions
  • 0.25% Convenience Store (without fuel)
  • 0.60% Bulk Petroleum, Cardlock & Gas Bar pumps

Thank you to all our loyal members for continuing to support your local Co-op as we work to build a resilient, sustainable future together. You can now view your equity statements in the Co-op app, under membership > view membership details > equity statements.

Support your Co-op in more ways than one. 

When you purchase more than one of our products or services, your investment grows, and you help keep more money in your community. Any profits realized within the year are shared with you and your community. Annually, equity is shared with our members either as a cash dividend or held in our membership reserve. Like other investments, allocation depends on our overall annual performance, future investments and growth objectives.

Equity Guide

*Applied to your equity reserve based on annual purchases. Your accumulative, credit equity is accessible to you when you turn 65 or move away.

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