Wetaskiwin Co-op Returns 1.8 Million to Members

Pipestone Flyer

    On April 25 and 26 Wetaskiwin Co-op members were greeted with the first general cash repayment in many, many years.  It started at 9 a.m. Thursday morning at the Wetaskiwin Co-op and concluded on Friday at 5 p.m. at the branch location in Falun.  Many members were surprised that this day has finally arrived.  One member commented “this is a miracle” and another “what a nice surprise.  I knew we would get here one day.”  Payments were made based on the purchases that members made in 2011 – 2012.  “This is what Co-op’s are all about” said Allan Halter, General Manager.  “The goal for any Co-op enterprise is to prioritize  their use of cash.  In the case of Wetaskiwin Co-op our goal has been to pay off all long term debt first, ensure our assets are up to date and then make a long term commitment to making general re-payments to our members.  I can’t think of a better way to thank a customer for their business other than to give them a share of the profits in the form of a general repayment cheque.”

    Minimum qualifying purchases in 2011 – 2012 to receive a cheque was $700 in non-petroleum and $260 in petroleum.  Members are still able to visit the Wetaskiwin Co-op administration department to pick up their cheque.  Cheques that are not picked up will be mailed.