Commit more member equity now and receive a store credit! (Offer good through Labor Day, but why wait? Help strengthen your co-op today!)
Why should I do this? Our beloved, four-year old co-op typically experiences a sales slowdown in the summer months. To offset any summer slump, help our store stay viable by adding more member equity and in the process, receive a bonus in your EZ Shop Account.
What the heck is member equity anyway? Your member equity is your ownership stake in the co-op. Fully-vested member owners have contributed a minimum of $400 in equity to provide our young co-op with working capital. Once the co-op is profitable, you could end your membership and take it back out: But we're not there yet, and we don't want you to leave anyway! Member ownership requires a $50 equity payment annually, up to that minimum stake of $400.
What does our family get if we add more equity now? If your membership has lapsed you can contribute $50 in equity and resume getting member benefits. Do it now and receive a one-time $5 EZ Shop Bonus. Go beyond staying current or fully vested and add equity up to $1,000. Do that and receive a 5 percent EZ Shop Bonus. For example, add $1,000 and get a $50 EZ Shop credit!
And what, may I ask, is EZ Shop, now that you've mentioned it three bloomin' times? You don't know about EZ Shop? For a co-op, EZ Shop is just the greatest thing! You fund your EZ Shop account with a check or cash and draw down on it by giving your member number to the cashier when you purchase groceries. Commit more equity now and get that EZ Shop account credit.
Why do we love EZ Shop so darn much? Three seriously big reasons.
It saves the co-op the cost of bank and credit card company fees that are assessed when you swipe a credit card to pay. That's two to three percent per transaction! Yuck! Let's keep that money in our co-op and not give it to banks.
It saves time in line. Ever stood in the register line with your stomach grumbling and your nerves on edge while somebody- or nearly everybody- swipes their card or punches in their pin number? EZ Shop erases that delay. Once your groceries are rung up, give the cashier your member number and just say those magic words, "Put 'er on EZ Shop." You are as good as gone.
It provides the co-op with a working cash buffer. It's your money, but maintaining a hefty EZ Shop balance gives the co-op a week-to-week buffer in paying vendors and other costs.
Ahem, just exactly where do I do this? You can make equity payments, or open an EZ Shop account, "do it, do it!" the friendly co-op elves say, at the customer service desk, which is two right hand turns from the front door, next to the cash registers.
Who can I call if I get befuddled? Call the store on 215-557-4480 and press (#1) for customer service. They can connect you to the finance office if they can't answer your question.
Support your co-op during these summer months! Contribute more member owner equity! Establish an EZ Shop account if you haven't already!
And...tell your friend and neighbors about CreekSide, the neighborhood grocery store that strengthens our community!