Design to Enjoy For Seniors

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What are the types and benefits of membership?

There are 3 types of membership –Ordinary, Associate and Institutional membership.
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Ordinary Membership

  1. Pay Entrance fee of $50 (wef 28 June 2016)
  2. Subscribe 20 shares of Co-operative $50 per share, equivalent to $1,000 (refundable on resignation after 2 years subject to By-Law 4.11)
  3. Enjoy travel privileges as accorded to members
  4. Participate in dividend distribution, if any
  5. Participate in bonus issue, if any
  6. Exercise 1 vote irrespective of number of shares held
  7. Participate at general meeting any other meetings as called
  8. Stand for election to hold office in Executive Committee

Associate membership

  1. Pay Entrance fee of $50 (wef 28 June 2016)
  2. Subscribe 1 share of Co-operative $50 per share
    (refundable on resignation after 2 years
    subject to By-Law 4.11)
  3. Enjoy travel privileges as accorded to members
  4. Participate in dividend distribution, if any

Institutional Membership

  1. Open to trade unions and other Co-operatives
  2. Share subscription is capped at 20% of paid up capital of Co-operative
  3. Participate in dividend distribution, if any
  4. Participate in bonus issue, if any
  5. Appoint 1 delegate to exercise 1 vote irrespective of number of shares held
  6. Delegate participate at general meeting and any other meetings as called
  7. Delegate stand for election to hold office in Executive Committ

Every member shall, on admission, be provided with a copy of the By-Laws of the Co-operative

How do I apply to be a member?

Print out an Application Form available in the website “Member form”, complete the form and send to SH mailing office with the cheque.

How do I make payment?
When will membership cease?

Any member who is not liable to the Co-operative and who has been with the Co-operative for 2 years may resign on giving 3 months’ notice of resignation in writing. The share refund will be at nominal value or current book value, whichever is lower, 2 months after completion of the audited accounts.