Co-op returns $5.6M to members

MERIDIAN SOURCE STAFF

The Lloydminster and District Co-op celebrated its 110th annual general meeting (AGM) on Monday in the WLS Convention Centre.

The Co-op’s opera - tional results for the year consisted of revenue over $184.3 million and a record savings after tax of $11.3 million.

Strong earnings assisted with the Co-op returning a record patronage allocation to members of $5.6 million.

This year’s AGM included a dinner component served by the Lloydminster Exhibition Association, with all proceeds from the $10 ticket sales benefiting the Lloydminster Region Health Foundation.

The event included the introduction of newly elected board members Chantelle Lefevbre, Peter Sander- cock, Alan Lorenz, and Stacy Cadzow.

The Servus Credit Union acted as the scrutineer for the election held from April 22-26 and chose to waive their fee in lieu of a donation to The Olive Tree charity.

“With the generous contributions from attendees and partners, the Co-op continues to uphold its values of community engagement and support for worthy causes like the Lloydminster Region Health Foundation and the Olive Tree Lloydminster,” said the Co-op in a statement.

The meeting concluded with CEO Peter Brown’s presentation of donations and a question-and-answer session.

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Thursday, May 9, 2024

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