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Nunavut community co-ops dole out millions to shoppers in end-of-year payout – CBC

Kugaaruk’s co-op gave out the most so far this year, around $1.5 million

Dec 06, 2018

Two Nunavut communities saw dividend payouts to members of the local co-op store totalling more than $1 million this year.

Kugaaruk, which has a population of about 900, saw the largest payout reported so far, with $1.4 million given back to members.

Most adults in the communities are co-op members and therefore receive a percentage of its profits — how much they get back depends on how much they spent.

Read More: https://www.cbc.ca/news/canada/north/arctic-cooperatives-patronage-payouts-1.4933392

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