The Patronage Reward Program is one of the many benefits of being a
It is based on individual member patronage (how much a member spends) &
the net-profit of the Co-op as a whole. The Co-op will record how much
each member spends during the year and give a percentage back after the
year-ends. The refund amount is Board determined, taking into
account the overall financial wellbeing of the Co-op. Some years
Patronage Refunds may need to be used for capital improvements and
repairs to the store.
For the first few years we will be working hard to break a profit and
pay for our start-up costs so the Patronage Rewards Program may not be
implemented. But once we are profitable, we will begin the program and
members will start receiving benefits.
Wolfeboro Community Food Cooperative
will close our books on March 15th each year. That is when we can
determine what, if any, profit was made by our Co-op in the previous
Our member-elected, volunteer Board of Directors will decide at their
July meeting what percentage of the previous years profits can be
returned to the member-owners while maintaining a financially healthy
co-op. We will announce the results and keep you posted on the date.
Patronage rewards will be entered into your member account by the end of
August. You will have the choice to use it or donate it to our Food
DO I NEED TO DO ANYTHING?
Cashiers will need your membership card & number so we can accurately
record what each individual member-owner has spent during the year.