The SNB Wood Co-op Ltd.
Are You a Member????
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:
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minimal investment
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Share the profits
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one Member, One vote (in the business and operations & elections of the board of Directors at the Annual Meeting)
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Eligible to serve on the Board of Directors.
How You Become A Member???
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fill out the application form
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One time fee of $5.00
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Applications are presented to the Board of Directors for approval
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Based on acceptance, Share Certificates are issued.
What Happens to YOUR $5.00 ???
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 (below) 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.
