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Membership

Membership Application

"BE A MEMBER OF YOUR LOCAL CO-OP"

The Co-operative is controlled democratically by members, irrespective of the amount of money (or capital)contributed by members ie. one member, one vote.

Members of the Hastings Cooperative must be active ie. they conduct business with the Co-operative.

Active Members are:

  • People who spend more than $1000.00 at any of the Hastings Co-op retail outlets within 12 months.
  • Farmers selling milk to the Hastings Co-op.

 

SHARES

Shares are $2.00 per share with no maximum and a minimum holding of $20.00 (10 shares). While additional shares are welcome at any time. Note that you must be inactive for a minimum of 3 years before the Co-op is obligated to repurchase your shares.

  • Shares maybe transferred to another person who will be active.
  • The Co-operative is obligated to repurchase your shares should you move out of the area.
  • In the death of a shareholder the Co-operative will pay the share capital to your estate.
  • On the receipt of your member application and share money (cheque/ money order/ cash) we will process your application and approval by the directors of the Co-operation at a monthly Board meeting. You will be notified by mail of your membership number.

You get a share in the profits by being a member in the Hastings Co-operative paid at the discretion of the directors.

  • Each year profits are returned to members as a fully franked dividend.
  • Members can receive their fully franked dividend as a cheque payment or reinvested as shares in the Co-Op (the more shares you accumulate the greater the dividend). Cheque payments - with a total share capital under $500 will have their dividend added onto their shares, unless the Head Office is notified.

 Direct discount on the shop floor, at point of purchase: “Members Price”

 The three IGA Supermarkets, the three bottle shops, the dairy factory, Mitre 10 / CRT hardware and rural supplies, Comboyne Rural Store and the Department Store will all provide direct discount to members at point of sale on selected products only .
 Enjoy our special Hastings Co-op member days with fantastic savings all day for members at The Department Store, Mitre / CRT and our supermarkets.
Not including Hastings Co-op Fuel Stations.
 
Fuel discounts to members at our two service stations in Wauchope.
 
A member fills up the family car at either of our two Hastings Co-op service stations and collects the sales docket from the cashier.
When they then come and shop at any of our three IGA supermarkets, any day within 14 days and spend just $30.00 or over, they can give us their fuel receipt and we will reimburse a further 6c per litre off their total grocery spend.
NOTE: This offer is limited to one petrol receipt per customer and for a fuel [Petrol & Disel] purchase of up to 80 litres. Recept valid for 14 days.
 
KIDS CLUB / MEMBERSHIP
A Hastings Co-op & IGA children’s reward program
 
Why not join your child up as a Hastings Co-op member? Secure their future with the Hastings Cooperative Community and partner them into getting all the financial rewards and benefits for the rest of their lives.
 
The IGA Kids Club is especially for under 12’s, and it is really easy to do, with great rewards.
Just fill in a Hastings Co-op membership form, give it to us and the Co-op will do the rest.
Every child IGA member receives a birthday card with a gift, newsletters with up dated information on kids’ special events & concerts. Also great recipes and games etc available on the “Kids Club” web site.

Members DepositS

Hastings Co-op offers an investment opportunity to our valued members with a fixed term deposit. Members can invest with Hastings Co-op while enjoying all the rewards of being a current, active member. Watch your investments grow as the Hastings Cooperative business community grows into the future. Large returns, from 7%*, on your invested capital.
* While the Co-op makes every effort to ensure a good return on Members’ Deposits, rates are subject to change from time to time.
 

 TAX FILE NUMBER

The Co-operative is required to deduct tax unless Tax File Number or exemption is held on file when drawing dividend cheques.

 

MEMBER/ SHAREHOLDER NUMBER

When making a purchase at any of the Hastings Co-operative’s businesses please show your shareholder card to the cashier at the point of sale. Your share number is then recorded for the accumulation of your purchases to calculate your rebate for the financial year.

The members are the Co-op’s most valued asset and we welcome new members.
Download the Application for Membership form, fill in your details and take the form to any retail outlet with your share capital money.
Any further questions to the Finance Officer Coralie Hindmarch

 

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Be a member of your local Co-Op - PDF 95kb