How is a co-op different from other grocery stores?
Do I have to be an owner to shop at the Belfast Community Co-op?
If anyone can shop at the store, why should I pay to become an owner? What are the benefits?
Owners are given an owner number and account so that they may receive special incentives such as Owner Rewards (points for every dollar spent that add up to discounts), quarterly coupons, and pre-order discounts. Additionally, when the Co-op generates positive net income, a portion of those profits go back to owners in the form of Patronage Dividends; the amount of the dividends are based on money spent at the Co-op.
Do Co-op owners have to work shifts at the store?
How do I become an owner of the Belfast Community Co-op?
How much does it cost to become an owner?
What is equity, how does it work, and why do I have to pay it?
What does it mean to be a fully vested owner?
I pay equity in installments. How will I know when my next equity payment is due?
INTENTIONALLY HIDDEN ELEMENT - I signed up to be an owner online but I haven't heard anything yet. What can I do?
You should expect to receive an email from Ownership Services, firstname.lastname@example.org, within 3-5 business days with information about your Co-op account and your equity payment option. If you do not see this email in your inbox, please check your spam folder or reach out to Ownership Services.
INTENTIONALLY HIDDEN ELEMENT - Can my equity be returned?
If you would like to withdraw your investment from the Co-op, the Board of Directors has the power to purchase back your share if the Belfast Community Co-op is in good financial health.
I signed up to become an Owner online but I haven't received a response. What can I do?
Once you have filled out the New Owner Sign-up form, you should expect to receive an email from Ownership Services, email@example.com, within 3-5 business days with information about your Co-op account and your equity payment option. If you do not see this email in your inbox, please check your spam folder or reach out to Ownership Services.
Can my equity be returned?
Who can I contact if I have questions about my account?
Do you have household accounts?
No, the Co-op has single-owner accounts. In the past, we offered some multi-owner accounts that were started prior to 2022. However, these multi-owner accounts are not household accounts; every adult listed on the account is required to be an owner and to invest equity in the Co-op.
Can I add additional adults to my account?
As of 2022, we are no longer signing up multiple adults on the same account — one owner, one account! This system helps the Co-op when it comes to online voting, equity distribution, and equity issues that arise from death or divorce. For accounts that already have multiple owners, there will be no change at this time.
Can my children use my account?
Why can only the people listed on my account use the account?
How do I remove someone from my account?
If you are the secondary owner on the account you can request to be removed from the account but the equity is legally held by the primary owner and can not be transferred into your name without the primary owner’s authorization.