Otter Co-op has been based at 3650 248th Street in Aldergrove for 96 years, and over the years has grown to 18 locations in the province.

$5.9 million in dividends for Otter Co-op members

Otter Co-op to return $5.9 million in cash and equity to its members/owners

Otter Co-op’s board of directors have approved a patronage reimbursement of over $5.9 million to their member/owners, based on 2017 purchases.

This year’s return comes on the heels of eight record years in a row of sales, with 2017 sales totaling over $223.6 million.

This money stays in the community and recipients are free to spend the cash as they choose.

As a co-operative, member/owners receive patronage refunds on their yearly purchases based on Otter Co-op’s performance and profits; all that is involved in becoming a member is a one-time purchase of a $10 membership share.

Otter Co-op’s CEO Jack Nicholson said, “As a local business, we face stiff competition from “Big Box” stores and the growing digital marketplace daily. Seeing continued growth despite this, I could not be prouder of the success Otter Co-op has seen over the past year.

“Our profits stay in the community and continue to stimulate the local economy here in British Columbia. This success is due to the strong commitment of the Otter Co-op team, which includes both employees and our guests supporting us every day.”

This patronage return will be distributed in September, with more details to be announced shortly.

Otter Co-op is a retail co-operative that has proudly served the Lower Mainland for 96 years, from its base on 248th Street in Aldergrove.

Today, Otter Co-op serves more than 50,000 members — and many more non-member customers — in the lower mainland, where it operates 15 locations, and another three sites in the Okanagan.

In the last five years, Otter Co-op has returned more than $25 million to member/owners in cash and equity rebates, while contributing over $750,000 to non-profit community organizations and initiatives.

“Otter Co-op is proud to be a strong local investor and community builder in the areas they live, work and play in,” said Nicholson.

Just Posted

Langley East MLA could testify in logging lawsuit

Rich Coleman has been put on the witness list for a lawsuit against TimberWest.

WATCH: Kwantlen artist paints and installs Indigenous mural in Fort Langley

First Nations painter Brandon Gabriel created a piece of art for Cranberries Naturally.

Surrey woman plans to travel after winning $500,000

Frances Jarvos bought her winning ticket at Willowbrook Mall in Langley

New Langley resident takes to the stage in upcoming musical

Leah Newson is performing in Annie: The Musical in Burnaby starting Feb. 1.

Day 3 brings fourth win for the Langley-based Team BC

Tyler Tardi and squad plays two games Tuesday at the junior curling nationals in Saskatchewan.

UPDATE: B.C. legislature managers accused of excessive travel, personal expense claims

Clerk Craig James, security chief Gary Lenz call allegations ‘completely false’

B.C. man fined $10,000 after leaving moose to suffer before death

Surrey man was convicted last week on three Wildlife Act charges

‘Blue Monday’ isn’t real, but depression can be

CMHA encourages people to prioritize their mental health

South Surrey mother didn’t have the intent to kill her daughter: defence

Closing submissions in case of Lisa Batstone underway

Anti-pipeline group wants NEB to consider impact of emissions, climate change

Stand.earth filed NEB motion asking to apply same standard to the project as it did with Energy East pipeline

B.C. man charged in 2014 snake venom death of toddler

Henry Thomas was taking care of the North Vancouver girl the day before she died

Parole granted for drunk driver who killed B.C. RCMP officer

Kenneth Jacob Fenton will be able to attend alcohol abuse treatment, nearly three years after crash that killed Const. Sarah Beckett

B.C.’s largest public-sector union wants inquiry into money laundering, drugs

Union officials say Premier John Horgan and Attorney General David Eby have not ruled out the possibility of a public inquiry

Aldergrove soccer tournament set for March 30-31

2019 edition of the Barry Bauder Memorial Soccer Tournament taking registrations

Most Read