Red River Co-op is pleased to announce a $37.8 million return to its members for the 2019 fiscal year.

The Red River Co-op’s Board of Directors approved an allocation to its membership of:

  • 8 cents per litre on fuel purchased,
  • 2% on food purchased, and
  • 4% on the full price of pharmacy prescriptions.

“As a cooperative, we are proud to be a different kind of business that shares profits with our members, ensuring the money stays in the communities we serve and enriches those communities,” said Red River Co-op CEO, Doug Wiebe.

The Winnipeg-based cooperative has over 310,000 members and will be sending out cheques totaling $33.7 million in cash to its membership in Winnipeg and surrounding communities. The remainder of equity earned stays in members’ equity accounts with Red River Co-op.

Red River Co-op continued to evolve to serve members better in 2019 with upgrades to facilities including the rebuild of the gas bar in Niverville, MB and interior renovations at four gas bars and exterior upgrades at 11 gas bars. Major renovations were completed at the Red River Co-op food store in Grant Park and the store has seen strong sales growth due to the new offerings. Red River Co-op understands members’ desire for more healthy and convenient meal options, and incorporated Winnipeg’s first Chopped Leaf franchise into the store’s remodel which opened in late November. Red River Co-op purchased the Super A Foods store in Gimli, MB to bring a Red River Co-op food store to the market this past summer. A build of a new food store in St. Norbert is underway and construction of a new food store in Seasons, next to the Outlet Mall in Tuxedo, is slated to begin this summer.

Red River Co-op is a business with a social conscience. In addition to sharing profits with members, the cooperative gives back to local causes to make the communities they serve a better place to live, work and play. Red River Co-op’s community investment program supported 80 charities and non-profits with over $180,000 cash and in-kind donations. Additional 2019 community support highlights include a $70,798 donation to the Children’s Hospital Foundation through Red River Co-op’s Fuel Good Day in September the sale of Winnipeg Blue Bomber collector cups.