The Co-op Advantage FAQ

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The Co-op Advantage FAQs

Accessing the benefits of being a Co-op Member is very easy.

Co-operative membership requires the purchase of at least one $2 share. This is called share capital. Members may invest up to $50,000 in share capital (equal to 25,000 shares).

From research, we know that not all members understand that when they spend money with The Co-op that they will share in the profits based on how much they spend.
The more you spend, the more you earn.  So, we wanted to make it easier for you to enjoy it!
If a member has earned a rebate for the year 2017/18 and interest on member fund balances greater than $10 they will receive a Co-op Advantage voucher for the amount earned.

Your voucher can be used in ALL Co-op stores; Co-op Fresh Foodland, Mitre 10, Betta, Sportspower Superstore & Surf, Toyworld, Barossa Home Living (Womenswear, Menswear & Home).

Your voucher is like a gift card and can be used in multiple transactions. The balance on your voucher can be checked at registers.

The voucher will expire on 30/6/2019.

The voucher is for the MEMBER ONLY and can only be used if the voucher matches the membership card.
If you would like to give it to someone else you can exchange it for a gift card at our Member’s Desk.

Yes, there are other ways you can use or transfer your Co-op Advantage voucher!

  • Visit the Members Desk to transfer the voucher to share capital to keep your money in The Co-op and earn higher interest than the at call fund
  • Redeem for a gift card to give to someone else or a community group
  • Redeem for cash at Members Desk or Administration Office up to the value of $50 (greater than this will require a bank deposit into your account)

If you have any queries, please do not hesitate to contact members office on 85686001 or via email membersenquiry@barossa.coop

We hope that all of our members have a long-term view of their investment in their community Co-op. However, should you wish to withdraw your share capital, this needs to be approved by the Board of Directors following the lodgement of a Withdrawal of Share Capital form

The investment of additional share capital earns interest annually. At the Annual General Meeting in June the members approve the Directors’ recommendations on the share capital interest rate for the following year (from 1st of July). This is normally better than the commercial rate offered by banks and building societies.

Rebates are declared in January by the Board of Directors after considering the performance of The Co-operative in the previous year. The aim is to balance members’ expectations of a return on their annual spending with the ongoing financial needs of The Co-operative to remain a strong retailer in the region.