Member Equity and Joint Liability Fund Statements

Each year, NCG sends a letter to all members showing the co-op’s equity investment in NCG at the end of the previous calendar year. Letters showing your balances as of December 31 are sent out to all members in early May of the following year. When NCG’s Board of Directors has authorized a patronage distribution for the prior fiscal (calendar) year, this letter also serves as your co-op’s official notification of that year’s patronage dividend distribution.

NCG distributes patronage dividends to members in proportion to the total UNFI purchases during the year. We will use Bill.com to distribute the total cash payment to members. This will ensure co-ops receive payments promptly.

Finally, the letter also includes a statement showing your co-op’s balance on deposit in the Joint Liability Fund as of December 31. This statement reflects any reassessments, amounts paid, or other adjustments made in the previous calendar year. Be sure to watch for your co-op’s letter and payment.

Member Base Equity Reassessment

NCG completes a reassessment of the base equity requirements for member co-ops every three years. The last reassessment was completed and sent to member co-ops in July 2023. All member co-ops’ base equity is recalculated at a rate of 0.10% of sales for the four quarters ending in June of the previous year. The next reassessment will be completed in 2026.

Members have up to six months to pay any new amounts due to fulfill their co-op’s base equity investment. Any refunds due to co-ops for a lower base equity requirement are processed and sent to co-ops via Bill.com in July.

As of December 2024, the total base equity paid in by NCG members amounts to about $2,529,000.

If you have questions about any of these topics, please email Robyn DesHotel or Daniel Ramos Haaz, who are listed as contacts for this page.