Ownership Payment Options

Owners are the foundation of Seward Co-op. We've made it as easy as possible for you to become part of that community. Choose from three payment options for becoming a co-op owner: paid-in-full, installments and a needs-based option for those who qualify. A new ownership purchased with any of the three payment options will have immediate full owner benefits. Full owner equity at Seward Co-op is twenty-five $3 shares of Class A stock.

Paid in Full

Full owner equity of $75 is purchased at one time.

Installments

This option splits the equity purchase into three payments made on the following schedule:

  • Initial payment - nine shares ($27)
  • Within three months of initial payment - eight shares ($24)
  • Within six months of initial payment - eight shares ($24)

Delinquent equity payments will suspend owner benefits until received. Ownerships purchased with this option may not be repurchased until the remaining equity balance is paid in full.

Needs-Based

For new owners who are currently enrolled in Minnesota Food Assistance/Support, Minnesota Health Care, Social Security Disability Insurance, or Women, Infants and Children Program (WIC), a new ownership can be purchased for an initial equity investment of $15. These owners will earn their remaining $60 of owner equity through future patronage refunds. In this case, the patronage refunds will be converted to class A stock until their combined total reaches the full $75 cost of ownership.

To apply for the needs-based option, community members are asked to complete a confidential request form, available in the co-op at the Customer Service desk. The needs-based ownership form allows you to indicate enrollment in any of the programs listed above, or to describe other circumstances that merit assistance.

Owners who qualify for the needs-based option also qualify for a needs-based 10% discount on all purchases. Needs-based discount applications are also available at Customer Service.