We have stopped our Tuesday and Wednesday double dividend scheme until further notice, as we feel we should not be handing out stamps and encouraging members to attach them to cards when trying to limit the spread of coronavirus in our stores. We also do not want to put any additional pressure on our colleagues by encouraging our members to shop on these two given days, when our stores are already very busy.
Our colleagues will not be handing out stamps but instead an extra 1% bonus dividend will be added to qualifying purchases every day of the week.
The additional 1% will be added to your bonus dividend pot which you can view through our Member Portal
For more information, read our FAQs.
We’re owned by a membership of more than 125,000, so being a member of the Channel Islands Co-operative Society gives you the opportunity to belong and be part of something bigger.
Being a member of the Society means you have a share in the business. You have a say on how it’s run and receive dividend on qualifying purchases you make in-store or when you use our Pharmacy Locale or our funeral services.
If you are over 16 years of age and a resident in the Channel Islands, by investing £1 in a share of your Co-operative, you can become a member and save as you spend with dividend.
A share number will be given to you once you’ve joined and every time you quote this number at our tills, you’ll receive 4p for every pound you spend on qualifying products. During January to November, you’ll also receive a bonus dividend of 1% on qualifying purchases every day of the week. This 1% will be paid into your bonus dividend pot where you can either transfer to your share account to earn interest, or take it out as cash at any one of our member service counters.
Your earned dividend will be paid into your account as a lump sum after the Annual Meeting of Members (AMM). You can draw your dividend as cash from any Society Post Office counters (click here to view our locations), leave it in your share account to gain interest or have it paid to you as store vouchers.
We also pay interest on the money you have earned in your share account, which is paid in January. The maximum balance you can have in your share account is £25,000. Current interest rates can be viewed by clicking here.
After six months of provisional membership (where you will still be earning dividend on your purchases), you will become a full member of the Society and entitled to all of the benefits available. This includes the opportunity to exercise your democratic right to vote* on important matters such as electing a new director to the Board, or changes to the Society rules. You’ll have the right to have your voice heard at our member meetings and even the opportunity to become a director of the Society’s Board.
*If you have a joint account, you will only have one vote between you and only the primary member (the person whose name appears first on our Member Registry) can cast that vote.
Everything you need to know about this year’s dividend payout
In challenging trading conditions, it is a pleasure to report on a good year of progress
There are so many benefits to becoming a Member of the Channel Islands Co-operative Society.
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