What is Share of the Profits?

Central Co-op is a Member-run organisation which means our Members unite to run our business and share in our successes and this includes financial rewards.

A benefit of being a co-operative business is that we share our profits with our Members. Membership costs £1. (some Members may be earning points to exchange for their £1 share). Once you hold a £1 share, all future points earned will go towards rewarding you with a share of our profits.

Earn points by scanning your Membership card each time you shop with us. You can also scan your digital card which can be stored on our Membership App.

Once you have earned enough points for a payout, we’ll convert the points into ££s. We sometimes refer to this reward as a Membership dividend or e-dividend. We’ll load this onto your Membership card every time we announce our profits, in multiples of £1*. Any points not converted* will be carried forward and because we are Member-led, all payments are subject to Member approval at our bi-annual Members’ meetings.

How you can earn points in each Central Co-op area of business:

Food: 1 point for every £1 spent

Fuel: 1 point for every £10 spent

Funeral: 1 point for every £1 spent

Florist: 1 point for every £1 spent

Tenancy: 1 point for every £1 spent

*Share of the Profits will be only paid when the society makes profit. Only amounts over and above your initial £1 share will be paid out as dividend in multiples of £1. Any residual points that are not converted will not be paid out immediately, but instead carried forward to the next qualifying period.

When will I receive my dividend?

When we’re able to reward our Members, we close the distribution window so that your points reset and if you have earned enough points to qualify we convert these points into a monetary value and add this as a dividend to your Membership card. Any unspent points are carried over to the next payout.

When can I spend my dividend?

We’ll let you know either via email or post when your dividend is available. Remember to bring your Membership card, as the payment will be loaded as a balance onto your Membership account.

Can I donate my dividend to charity?

Of course! We work in partnership with the amazing Dementia UK – You can do this by logging into your online account and completing the donate your points form. Or you can contact our Membership team on 0800 050 1601.