Perks to OwnershipÂ
- Owner Rewards program – The more you shop the more you save. Â
- 10% off all supplements and body care on Wellness Wednesdays – second Wednesday of each month.
- 10% off coupons issued quarterly.
- 10% discounts on special order cases, with a small number of product exclusions.
- Owner Deals every month, exclusive for owners.
- 20% off special orders totaling $500 or more, with a small number of exclusions.
- A quarterly newsletter, Grapevine, distributed via U.S. Postal Service.
- A weekly e-mail newsletter with store specials and updates.
- Eligibility for patronage rebates, based on co-op profitability and your annual purchase total.
More Details Below Form
As an owner of the Co-op, you are part of a locally owned business. Your investment gives the Co-op the capital necessary for building maintenance, equipment purchases, inventory, and operating expenses. You make a difference in the community by keeping our store locally and democratically controlled. Your Co-op ownership gives you the opportunity to participate in business affairs, such as electing members of the Board of Directors, joining Co-op committees, or volunteering for events. Check out our Owner Manual for the basics about being an owner, from rights and responsibilities to tips on shopping the Co-op.
Cost of ownership
$25/year or $150 for a fully vested ownership.
Most folks who choose to become a member pay $25 each year until fully vested. Fully vested owners purchase a $150 share in the Chequamegon Food Co-op. Once you become fully vested no additional payments are necessary unless otherwise decided by the Board of Directors.
Patronage Refund
The patronage refund is one of the strongest economic links between the Co-op and its owners, whereby the owners share in the financial health of the Co-op. You can think of your patronage refund as a deferred or retroactive price reduction on everything you bought at the store last fiscal year.
The patronage refund constitutes a return on investment for owning your community grocery store. Your refund is proportionate to your purchases – the more you spent the greater your refund. This equitable method of surplus income distribution distinguishes cooperatives from other types of corporations that distribute profit based on investment (the more you invest, the greater your return). A patronage refund is considered by the Internal Revenue Service to be a refund on purchases of personal items, so it is not taxable income.Â
For example, in the fiscal year 2011, the Co-op’s profit was $76,000. Sales to owners accounted for 80.4% of the total store sales. Therefore, per the Board of Directors, of the $61,104 in-store income from owner sales available for patronage refunds, the Co-op is distributing 20% ($12,221) to owners. The remaining 80% ($48,883) is retained equity kept in each owner’s name. This is non-voting equity which carries no additional rights or benefits.
 The refunded amount is applied to your owner account and is available for purchases until the end of the year. Alternatively a check can be requested by Nov. 30th.Â
Owner Rewards
EARN points for your purchases. For every $1 you spend you will receive 1 point. Owners enrolled in the Senior Daily Double or Food for All programs, for every $1 you spend you will receive 2 points.Â
EARNED DISCOUNT REWARDS
$1 = 1 point
$1 = 2 for Daily Double & Food For All
• Redeem 100 points and receive $1 off.
• Redeem 300 points and receive $3 off.
• Redeem 500 points and receive $5 off.
• Redeem 1,000 points and receive $15 off.
SENIOR DAILY DOUBLE & FOOD FOR ALL REWARDS*
Seniors ages 55+ will earn double reward points upon enrollment in the Senior Daily Double Rewards Program. You will be required to complete a one-time form to enroll.
Shoppers who qualify for EBT, WIC, or Badgercare will earn double points upon enrollment in the Food For All Rewards Program. Qualifying shoppers will be required to complete a form and show proof of eligibility to enroll on an annual basis. Renewal will be required annually on the initial enrollment date.
Enrollment forms are available at the registers. Completed forms and proof of age/income can be given to a cashier.
*Please note, Senior Daily Double & Food For All programs cannot be combined to receive quadruple points.