The SNB Wood Co-operative Limited was formed in 1974, with 19 Charter Members.  Today there are nearly  1500  Members.   (Shareholders).  Unlike some Co-operatives, you are not required to be a Member  to do business with SNB....BUT...there are benefits to being a   Shareholder.

BENEFITS  such as:

minimal  investment

Share the profits

one Member, One vote  (in the  business and operations & elections  of the board  of  Directors  at the Annual  Meeting)

Eligible to serve on  the Board of  Directors.

• fill out the application form
• One  time  fee of $5.00
• Applications are presented to the Board  of Directors for approval
• Based on  acceptance,  Share  Certificates are issued.

    Equity in  SNB changes in a number of ways; such as   through new membership, distribution of profits  to the Members (based on Members'  business activity), and interest paid  on Loan Capital.

    In SNB Wood Co-op's first year of operations (1974-75), Members' Equity (Share Capital)  was $2 495.  As of February 1996, Members' Equity   (Share Capital  &  Loan Capital) has increased to $552 137.

What Now??

    If you would like to become  a Member please follow the link to the membership application form, print it off,  fill out the application form and send it to the SNB office along with your $ 5.00.  Or if you have any further questions about being a Shareholder in the S.N.B Wood Co-op Ltd.; please feel  free to contact our office.
 

MEMBERSHIP APPLICATION FORM

Mailing address:

SNB Wood Co-op Ltd.,                                             Phone: 1-506-433-9860.
P.O. Box 4473                                                            Fax: 1-506-433-3623.
Sussex, New Brunswick,                                           email: snb@nbnet.nb.ca
Canada, E4E 5L6.

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