A co-op member is more. After joining as a co-op member, you are one of the owners of your cooperative and also its most important customer.You will receive many kinds of benefits on your co-op membership: product and service benefits, Bonus and payment-method benefits.As an owner, you can receive profit on your investment, i.e., interest on your membership fee.
The membership fee is a non-recurring investment in the cooperative capital. Therefore, it is possible to receive interest on it.Interest is paid to all co-op members who have paid their membership fee in full by the end of the previous year.The cooperative's Council of Representatives decides on the payment of interest and on the amount payable annually in connection with the financial statement.
For more information on membership fee interest, see S Group's membership scheme rules.