Share of the Profits

What is the qualifying period for share of the profits? 

The vouchers to be sent to Midcounties members in November 2016 includes points earned across the full society financial year 25/01/15 – 23/01/16.

How will I get my share of the profits? 

If you have chosen to receive your share of the profits in the form of vouchers, these are sent to you by post. You can opt for your payment to be paid directly into your share account, or as a credit towards your energy bill if you are a Co-operative Energy customer.

Where and when can I use my vouchers? 

You can use your vouchers in any of the outlets displaying the membership sticker, where they can be redeemed as a form of payment towards goods or services. Some societies also allow Share of the Profits vouchers to be exchanged for cash (please call the membership team on 0800 435902 to find out which societies offer this option). You will need to have your Midcounties membership card with you to use the vouchers.

Donate your vouchers to charity? 

You can also donate your share of the profits to charity, and may choose up to three of our supported charities. You can also choose to donate your share of the profits to our Community Fund, which distributes grants to local community projects and organisations. To change your payment method for your share of the profits, please use the change of details form at the end of this booklet.

The Co-operative Membership share account 

When you apply to become a member of the society you will receive a membership card to earn dividend points, and a share account will be opened in your name and credited with £1, this will be reclaimed form your first share of profit once you have earned enough points.

You are able to invest up to a maximum of 100k, interest is accrued on a daily basis and credited to your account annually in January.

Further information on our share accounts can be found within the welcome pack you will receive just after you join us. You can also find out more here or you can or you can call our Membership hotline 0800435902

You must be 16 years or over to apply for membership with the society.

Have your say! 

As a member you also have the unique opportunity to play an important part in the running of The Midcounties Co-operative. After six months membership your Midcounties card entitles you to vote, not only in Midcounties elections for the Board of Directors but also at our AGM and half yearly meetings. These are important events in Midcounties’ calendar, where you can debate with other members and see real democracy in action.

You can also stand for election to the Board or Membership Strategy Committee. The Membership Strategy Committee is made up of 10 elected members and 2 Board Members. The Committee plays a vital role in representing members from grass roots right through to decisions made in conjunction with the Board of Directors. The Committee works to develop forward thinking and interactive ideas on Membership Strategy including exciting methods of promoting membership benefits and developing member engagement opportunities. For further details and criteria about standing for election or information about the governance of Midcounties click here.

How can I get in touch with Midcounties' Membership team? 

You can get in touch with us by calling our Membership Hotline on 0800 435902, emailing us at member.communications@midcounties.coop or through the below postal address:

The Midcounties Co-operative Co-operative House, 
Warwick Technology Park, 
Warwick, 
CV34 6DA

How can I change my address with the Society? 

To change your address you will need to let us know by email, phone or post. Depending on your level of investment or points accrued, we may require written authorisation by post.

How do I register for online access to my account? 

You can do this by visiting the homepage here and clicking 'Already a member? Log in' and then log in. Then click, Register now to receive your first automated password needed to log in.

For all other membership enquiries please contact the Membership team