Equity Days have returned for Prairie Sky Co-op.

This week will see equity cheques distributed to members of the co-operative. It kicked off Monday morning at the Metro Centre, on Third Street in Weyburn. From there, equity payments will be handed out at the Sud City location in Weyburn Tuesday. On Wednesday, equity payments will be distributed in Beaubier, then at the Co-op Food Store in Weyburn Thursday and Friday.

Don Kraft, is the general manager of Prairie Sky Co-op. He says despite 2016 being touted as a tough one economically, it turned out to be fairly strong in the end.

“There will be in excess of $2.5 million allocated back to the members this year, and we have about $1.6 million worth of cheques here to hand out in the next week,” Kraft explained. He added his thanks to all of the members for the support Prairie Sky Co-op received over the past.

For those wondering why the equity amount doesn’t equal the amount of cash being paid back to members, Kraft explained some of the equity earned is held back by Prairie Sky Co-op as an investment in the business by the member-owners. Those with less than $200 equity don’t receive a cash payment in equity. Those with $200 to $2,000 in equity will receive back 25 per cent. From $2,000 to $5,000 members receive 50 percent of their allocation in cash. Those who have $5,000 to $10,000 in equity receive 75 percent of their allocation in cash, and anyone with $10,000 or more in equity receives 100 percent of their allocation back. Additionally, members over the age of 65 receive 100 percent of their allocation back in cash as well.

Technical Issues Cause Boil Water Advisory and Water Usage Restriction

Phones were abuzz with calls and texts this afternoon as the City announced Emergency Water Restrictions had been put in place. The alert sent out quoted a "serious technical issue" at the Weyburn…

Tips For Travelling To The U.S.

With the arrival of summer, many are planning for a trip to the United States. Just like when someone crosses the border into Canada, there are a few things to keep in mind when you are heading south…

Crops Beginning To Develop In Southeast

The latest crop report from the provincial Ministry of Agriculture shows the southeast is continuing to come along with the 2018 crop. The rains received in recent weeks have helped improved soil…

VIDEO: Community Celebration Pleases Young and Old

Everyone here at Weyburn's Golden West offices of Discover Weyburn News and our three radio stations, AM 1190, K 106 and Magic 103, enjoyed our annual Community Celebration barbecue today over the…

Weyburn Credit Union Giving Back To Community

The Weyburn Credit Union continuing to give back to the community. This week, they announced they were providing a $5,000 grant to Color My World Child Care. The grant was provided through the…

Save the Date for Concert Jam

At last year’s Communithon event, the Weyburn & District United Way introduced a new event, called the Concert Jam. This year, the United Way wants the community of Weyburn to save the date for this…

Accidentally American: What Happens When You Cross Into the US

When someone crosses the border between ports of entry into Canada, it falls under the purview of the RCMP’s Border Enforcement Team. When someone crosses over from Canada to the U.S., Customs and…

Community Celebration BBQ Happening Today

Discover Weyburn News, AM 1190, K 106 and Magic 103 are holding the 2018 Weyburn Community Celebration Barbecue today from 11:30 a.m. to 1 p.m. The staff will be serving free hot dogs, chips, and pop…

CUPE Celebration for Aboriginal Day

An Aboriginal Day Celebration was held across Canada yesterday to honour our nation's first people. The C.U.P.E. Local 5430 Region 4 organized a local event at Jubilee Park yesterday, with a free…

Local Students Win JA Business Hall of Fame Awards

Success comes from learning by doing, and that’s just what is happening in Margot Arnold’s Entrepreneurship 30 class at Weyburn Comprehensive School. Two students and one team from her class recently…

DiscoverWeyburn.com is Weyburn's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login