Discussions

I have been buying groceries and fuel from Heritage for about 10 years... my statement tells me that I have over $6000 in equity up to the end of 2015. Due to changes in the family unit in past three years our purchases have dropped to about 1/2 what they were the first 7 years. Get rid of a few teenage mouths to feed and vehicles to tear around Brandon and china's change. But if I were to move, I could apply for my equity, and have a nice payout come next July.

Things not china's... darn auto correct.

Over the last 5 years it averages out to 4.5% That is pretty good. The 2.5% is lower than we like, but Heritage Co-op did buy a huge company (Westman Aerial Spraying) and also had lower returns from FCL due to a fire at the refinery. Next year will be better. Also with the Co-op method you get cash, you can do what you like with it. No limit to grocery or gas at a particular location. Put it towards anything you like. Equity runs the co-op. That's how it is built. Don't forget that Co-op gives back to thousands of local charities and organizations. Let the equity build and have a nice lump sum at the end of the tunnel, meanwhile enjoying a cheque every year.

That general manager is so fricken cheap I bet he got a big cheque but cut everyone else. I don't buy gas from there anymore you get more back at c tire. So keep it up it prob getting comparable to going to sobeys collecting air miles getting stuff off the web site then what you will get for cash back

We mainly drive to/from work or errands in town. Short drive to work = not much gas.  
 
30 fills/year at 50L X 9.5cents per liter rewards elsewhere is still way more (142.50) than $22/year and I'm not moving and a loooong way from 65 to cash out equity. I can easily use my extra reward money for groceries.

Your logic is still flawed. The $22 you got this year, was just the portion they decided to pay out this year. You built more equity than that. My cheque this year was $73, but like I said, I've had some major changes in the household. My $6000 over 10 years averages out at $600 per year... far more than what you think you are getting at the other place that doesn't support the local community like Heritage does. Did your place just help out the Riverbank to the tune of $75000?

What was the overall rate of return, equity plus the cash payout?

"Posted by ultraguy, 7/26/2016 5:00:54 PM  
 
What was the overall rate of return, equity plus the cash payout?"  
 
The allocation rate for 2015 was 2.5%. If your total equity balance for all years that you have been a member is less than $7500, then they would have paid out 40% of your 2015 allocation. So in CR's example, he got a $22 cheque, which means he would have been allocated about $36 for 2015. Now that is just based on gas purchases. If there was any other purchases like groceries or bulk petroleum or lumber or agro, it would grow quicker.  
Now I am curious, who offers 9.5 cents back per liter on gas?

Superstore was giving higher than that at one point. I haven't filled there in a while but I think they're still around 9.5 cents / L.

I think it's actually 10.5 cents?

The Superstore deal is only 3.5/ litre, unless you pay with one of the PC branded financial cards (debit or credit). If you have that then it bumps up to 9/litre. I for one won't change banks for that.

You don't need to change banks to get their credit card. If you shop at Superstore, their credit card is pretty good for cash back anyway, I'd recommend it.