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Red River Co-op Equity Cheques Being Sent Out

February 24, 2023 8:57 AM | News

Red River Co-op

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.