The Co-operative Travel – membership
What is membership?
As a Co-operative business, we’re owned by our members. Anyone can become a member.
To find out more about The Co-operative values and principles click here
How does it work?
All you have to do is invest £1 which will be collected from your first share of the profits. You then receive a cash payment based on the points you earn for spending in any of our family of businesses including Food, Travel, Pharmacy, Funeralcare, Bank, Insurance, Legal Services, On Line Shop & Sunwin Motors. This is your share of the profits and will be paid to you twice a year in June and December.
What’s in it for me?
In Travel £1 spent = 1 point, so, for example if you booked a holiday for 2 people to the value of £1000, you would earn 1000 membership points.
Based on the final value of 1 point for the 2007 financial year of 2.63p, you would receive a payout of £26.30.
You could also increase your share of the profits by shopping with our family of businesses. Simply show your card, convert your purchase to points and your points will be converted to pounds.
For example:
|
Trade |
Points Earned |
Amount Earned |
|
Spend £10 a week in a Food store over a year |
520 |
£13.67 |
|
Spend £950 on a holiday in Travel |
950 |
£24.99 |
|
Choose Co-operative car insurance and home insurance |
1000 |
£26.30 |
|
Take a £101,000 mortgage with the Co-operative Bank |
5050 |
£132.82 |
|
Total share of profits |
7520 |
£197.78 |
This example is for illustrative purposes and shows what will typically have been received for purchases made between 1 January 2007 and 31 December 2007. For 2007 a point was valued at 2.63p. The Co-operative Group Board approves the value of a point each year. The value of a point is dependent upon the financial performance of The Co-operative Group. Payments are rounded down and fractions of a pence are carried forward to the next payment.
For full terms & conditions visit www.co-operative.coop/membership or call 0800 023 4708
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