Equity Season is here, so watch your mail for your Mid Island Co-op Equity Statement starting in Mid May!
The Board of Directors of Mid Island Consumer Services Co-operative is pleased to inform you of the continuing strong performance of your Co-op. Your equity allocation is based on your purchases with Mid Island Co-op in the 2022 fiscal year.
In your equity letter that is coming with your statement, you will find that our board of directors approved an allocation return of:

          • Petroleum Products: 4.75% (Retail Pumps, Cardlock)
          • Home Heating: 4.00%
          • Confectionery: 4.00% (Grocery)
          • Liquor: 4.00%

This equates to a total allocation to our membership of $8,477,250. Approximately 43,000 cheques have been issued, totaling $6,333,135 cashback to our members. This represents 60% of your 2022 allocation in cash, with the remaining 40% credited to growing your Co-op share equity. Allocations under the minimum cheque amount of $10.00 will be added to your Co-op share equity.
At Mid Island Co-op, we are a different kind of business. Sharing profits with our member-owners is just one way we do things differently. Returning profits to our membership ensures that the money stays local and is re-invested in the communities we serve. In 2022, Mid Island Co-op donated over $235,000 to support local community organizations and initiatives throughout the mid-island and north island regions of Vancouver Island.
We would like to thank all our loyal members for supporting our business and making 2022 a successful year!
Please note: We kindly ask that all equity cheques be deposited into your personal banking account as we are not able to accept equity cheques at Mid Island Co-op locations.
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