Equity FAQs

What is Equity/Patronage?

• As a member and owner of Heritage Co-op, a percentage of your purchases are placed in an equity account that grows with your support through purchases
• The Heritage Co-op Board of Directors may decide to return a portion of your Equity back to you in cash, based on how you’ve supported the Co-op and how well Heritage Co-op has performed over the past year
  

What is Cash Payout?

• Cash Payout is a portion of the equity earned in 2024 and paid out by cheque in Summer 2025 
• The minimum amount issued will be $10.00
  

What is the Allocation Rate?

• 2024 allocation rate is 1.82%
• The allocation rate is the percentage of your purchases that will be allocated to your equity account, and is determined each year, based on the performance of Heritage Co-op

Cashing Cheques at Locations:

• We are unable to accept cheques at locations for any payment on purchases or cash back
  
  

For further information please call the Administration Office at 204-867-2295