Delegates representing more than 160 local co-operatives in Western Canada gathered in Saskatoon for the Federation Co-operative Limited’s 95th Annual Meeting.
In a news release the company says they are reporting another strong financial year with 12.5 billion in total sales resulting, in 2023, in net earnings of $781 million.
FCL was able to distribute $399 million in patronage back to local Co-ops.
FCL CEO Heather Ryan said, “”Through the distribution of our earnings, local Co-ops are able to pass the benefits on to Co-op members and communities across Western Canada. They value proposition of Co-op, when people support Co-op, they’re supporting their community.”