Dividend terms and conditions

  1. The Lincolnshire Co-op dividend card is issued and remains the property of Lincolnshire Co-operative Ltd (LCL). LCL reserves the right to decline, issue or withdraw the card at any time. 
  2. LCL reserves the right to alter or amend the conditions of operation of the scheme or to terminate the scheme at any time without notice. 
  3. Only members of LCL may be issued with a dividend card. 
  4. Members agree to invest at least £1 in their share account. This will automatically be taken from the first dividend bonus.
  5. LCL dividend card is not transferable. 
  6. LCL dividend card can only be used in Lincolnshire Co-op stores.
  7. Dividend is issued at a rate*, as published from time to time.
  8. Dividend can only be redeemed by presenting the dividend card at point of payment for goods and services or payment into a share account at any members' help desk. 
  9. Dividend earned or redeemed will be set out on the relevant transaction till receipt, or can be viewed on your online account.
  10. Dividend bonus will be distributed to members as declared at the Annual Members’ Meeting. 
  11. LCL does not accept liability for lost, stolen or damaged cards. If a card is lost, stolen or damaged, the member must contact the Membership team on 01522 781 135. We can only replace dividend lost as a result of theft which relates to transactions taking place after the dividend card has been reported missing.
  12. Members are required to advise any change of details to: Membership Team, Lincolnshire Co-operative Ltd, 15-23 Tentercroft Street, Lincoln, LN5 7DB or email membership@lincolnshire.coop 
  13. Use of LCL dividend card is governed by LCL rules (available on request) which take precedence over these T&Cs in the event of conflict. 

For a copy of the rules please write to the Group Secretary, Lincolnshire Co-op, Stanley Bett House, 15-23 Tentercroft Street, Lincoln, LN5 7DB or email enquiries@lincolnshire.coop 

*Dividend is issued to members at the following rate:

Food - 1% on all purchases including Payzone mobile phone top ups, 2% on Love Local products including Gadsby's bakery, fresh fruit and vegetables and Fairtrade products
Fuel - 1p for every 5 litres
Travel - 1%
Funerals - 2% including florist, funeral plans and masonry 
Pharmacy - 2% (over the counter products and private prescriptions only)
Post Office - 1% on stationary and magazines
Coffee shops - 2%
Transport - 2%

Dividend issue rates correct as of April 2016.

Look out for extra dividend promotions to boost your balance throughout the year plus the dividend bonus in December each year.

Dividend Card2

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