MEMBERS of The Co-operative
group across the region will
share a bonus of £290,000 this
Christmas.
The dividend payment for
members in County Durham,
Cleveland and North Yorkshire is
based on members' trade with
the group's businesses during
the first six months of the year.
The Co-operative membership
scheme allows members to receive
a share of profits based on
products and services they have
bought from its businesses including
food retail, travel, pharmacy
and funeral outlets, as well
as the Co-operative Bank and Cooperative
Insurance.
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Becoming a member costs £1,
with members earning points on
how much they spend.
These are then converted into
a share of the profits with payments
being made twice a year,
in June and December.
A total of £16,300 will also go
to community projects in the region
as a result of the group's
members deciding to donate all
or part of their payment to worthy
causes.
The Co-operative's regional
chief officer in the North-East,
David Mockford, said: "The
Co-operative group's interim
operating profit, before significant
items and exceptional
weather events, increased by
15.1 per cent and if, as we expect,
that upward trend continues we
hope to declare a greater share of
profits payment next time
round."
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