The members of the Penrith Co-operative Society:
- Own the Society
- Have a membership Pass Book to record their holding
- Save receipts - see below
- Receive a dividend every 6 months, if any 'divi' declared
- Earn interest on their holding
- Can vote at the AGM and other members' meetings
- Are eligible for election to the Board of Directors
- Can use the Society's Hire Purchase Scheme
Joining
Membership Pack
- Share Number
- Check Sheet
- Money off vouchers
- A Pass Book will be prepared - usually kept by the Society
The AGM and other meetings
The AGM is usually held in April and a second half meeting is usually held in September. Notices advertising the time and date of each meeting will be displayed in each store.
Notices asking for nominations for election to the Board of Directors will be displayed in each store.
At the checkout
- Quote your Share Number
- Keep your receipt
- In some cases you will need to write your Share Number onto the receipt by hand yourself.
Save receipts on your Check Sheet
- Cut up the receipt to show the Share Number and total charge
- Wet the back of your Check Sheet
- Stick the receipt neatly on there

Return your Check Sheet
- When full, return your check sheet and in due course receive another with Transfer Check affixed
- Or return the check sheet by 4th January and 4th July
- Fill in the front of your check sheet - there is no need to add up the total
- A dividend is later agreed at a Members' meeting
- Your dividend is added to your Pass Book
- Any interest is also added
Withdrawals
- You can make withdrawals on demand with your Pass Book
- The Society head office normally holds your Pass Book
- Pass Books are returned to your local store after dividends are declared