The cheque’s are in the mail for Red River Co-op members in Dryden and Kenora.
The Board of Directors is announcing a $28-million cash repayment to its members for the 2016 fiscal year.
The Board approved an allocation of 7.25% on fuel purchases and 2% on food purchases.
A new repayment plan will be used this year and members will receive a minimum of 75% of their current year’s allocation in cash.
The method will see new members qualify for a repayment quicker and will provide greater reward.
Members over the age of 65 can apply to have 100% of their full equity repaid to them in cash.
