This Saturday, 8 April, is the deadline for Co-op members to choose which local cause their 1% will go to. If you haven’t chosen already, sign in online and you’ll be prompted to choose one. You’ll see this:
From this date we’ll have a new set of projects in your community for you to choose from.
How it all works
Each time members buy a Co-op branded product and swipe their membership card, they earn 5% for themselves to spend at the Co-op and 1% for their community. They can choose which local cause their 1% goes towards.
And things are going well. At the time of posting, Co-op members have raised over £4 million for local causes. Co-op supports up to 3 local causes in over 1,500 communities across the UK. You can learn more about how we’re getting on on our local community fund page.
We talk about the 5% and 1% stuff regularly on the blog but we haven’t spoken in much detail about how everything works behind the scenes. So here’s what happens next.
Paying out after 6 months
We let the funds from the 1% build up for 6 months, so in this case it’s from September when we launched the new Membership, to now.
At the end of each day a member’s 1% balance is checked and one of 2 things happen. If a member has selected a cause, the 1% earned goes into that pot. If they haven’t, the funds stay put in an unallocated pot.
At the end of the 6-month cycle we’ll do the number crunching. Then we’ll split the 1% balances for anyone who didn’t choose a cause equally between the causes in their community. We’ll then send the sums over to the Charities Aid Foundation (CAF) and they’ll process the payment so each local cause gets what they’re due.
See where your money’s going
Very soon we’ll have a new page on the Membership website where you can see your giving history. The page will show a list of the causes that you’ve supported. From here you’ll be able to see how much you’ve contributed as well as revisit the profile pages of the local causes to see how much they raised.
A new set of projects from local causes
If you’re a member you’ll carry on supporting the cause you chose until 8 April or until you choose a different one. On 9 April however, we’ll have a new set of projects from local causes for you to choose to give your 1% to. Between November and January, local causes applied to be part of the new round of funding. Since then we’ve checked the applications are eligible and have given our colleagues a say in which local causes they want to be part of the Local Community Fund.
You can become a Co-op member online or pick up a temporary card in store.
You can see the latest data on the 5% and 1% rewards on our Membership data page.
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