Cheque Your Mail: $32M in Red River Co-op Equity Hitting Mailboxes

Cheque Your Mail: $32M in Red River Co-op Equity Hitting Mailboxes

Red River Co-opHopefully it’s a payday for you!

Red River Co-op has begun disseminating $32 million in equity cash payouts to its members.

The co-operative brought in sales exceeding $578 million last year with net profits of more than $33 million.

Members benefit from a 6.25% return on fuel purchases, 5% on pharmacy purchases, and 2% on food purchases.

Nearly 235,000 equity cheques are being issued averaging about $140.22 each. Members can expect their cheque to arrive as early as today.

Red River Co-op plans to open up a new cardlock in Winnipeg this March in the Waters Business Park on Dugald Road and construction will begin in the spring on a new gas bar, convenience store and car wash on Ness Avenue.

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