WINNIPEG — Red River Co-op members will soon be receiving their annual rebate cheques.
Red River Co-op says cheques are in the mail to return $38.1 million in equity to members for the 2022 fiscal year.
The Red River Co-op’s board of directors has approved returns of 6.24 percent on fuel purchased, two percent on food purchased and four percent on pharmacy prescriptions.
The local co-operative has more than 319,000 members and is sending out cheques totalling more than $34.1 million in cash to its membership in Winnipeg and surrounding communities. The remainder of the equity earned stays in members’ equity accounts with Red River Co-op.
? Members, get excited, your equity cheques are in the mail! That red envelope is going to make you smile this year. ?
— Red River Co-op (@RedRiverCoopLtd) February 24, 2023