UNCC

What is a Patronage Refund?

Patronage refund is the name for how co-ops send profits back to their owners/members Essentially, each owner/ member gets back part of the profit from their own purchases.

Co-ops are distinctive businesses based on cooperative ownership.
Owners/members purchase equity shares, but the profits are not distributed based on the number of shares owned. Co-op profit is distributed based on how much each owner spends at the co-op; that is their patronage.

UNCC provides the food and products that our owners/members want to purchase. Every owner/memeber purchase is recorded when you use your code number. Those records are the basis for the patronage refund in profitable years.

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