Doing Business Locally Pays Dividends

Sturgeon Bay, Wis. (December 17, 2020) –  Door County Cooperative began mailing over $160,000.00 to local residents as part its stock retirement program. Qualifying Cooperative members will be receiving a check for 5 percent of the total stock they have earned in the company.

“This stock retirement demonstrates our commitment to providing a meaningful cash return to our members that support the Cooperative,” said Cooperative President and CEO Brian Duquaine, “There are real benefits to doing business with the company you own. By prioritizing these cash distributions, our members are able to enjoy more of those benefits today.”
Annual profits of the Door County Cooperative get distributed to its members. A portion of those profits are paid out as cash the following year. The remaining amount becomes Door County Cooperative stock before it is redeemed through this stock retirement program.

Since its formation in 1939, the Door County Cooperative has distributed millions of dollars in cash back into the community through patronage dividends and stock retirements. Today, Cooperative members own over $4 million dollars of equity in their company.

Board chairperson Margie Staats thanked the community for their support and added, “When your local Co-op is successful, the members benefit. With the ongoing support of our patrons, we can continue to grow and prosper in today’s economy.”

Even if you are not a Door County Cooperative member, you are welcome to shop at any division. However, membership is totally free, open to anyone and provides direct benefits. To become a member, stop by any location or visit www.doorcountycoop.com.

About the Door County Cooperative
Established in 1939, the Door County Cooperative operates businesses serving Door, Kewaunee, Brown and Manitowoc counties. Divisions include: NAPA Auto Parts, Door County True Value Hardware, Rio Creek Country Store, Algoma True Value, Door County Country Store and Rental, Prolawn, Door County Cooperative Propane, Door County Cooperative Agronomy Service Center, Door County Cooperative Shirley Feed Mill, Appliance Avenue, America’s Mattress Gallery and a Cellcom Agent store in Sturgeon Bay.