The Legacy of Coop Israel: Dividing Up 23 Million Shekels Among 15,403 Members

Fifteen Thousand Members to Share Remainder After Liquidation of Israel’s Largest Cooperative

In 1950, Coop Israel was registered in Jerusalem as the largest consumer cooperative in Israel’s history. After decades of successful operation, the cooperative is now coming to an end. Over the past five years, debts have been repaid and the cooperative’s coffers now hold 23 million shekels. This remaining amount will be divided equally among all 15,403 members of the cooperative, with a 15% tax deduction.

Starting on March 26, members will be able to go to an Israel Post office, present the necessary documents, and receive approximately 1,400 shekels (gross) from the remaining amount after the liquidation of the cooperative and debt repayment. Members with questions or in need of more information can contact the hotline at 03-6555700.

The liquidation of Coop Israel marks the end of an era for one of Israel’s most successful consumer cooperatives. Over many years, Coop Israel provided a range of products and services to its members and helped to strengthen their communities. As they prepare for this transition, members are encouraged to contact Coop Israel’s hotline for any questions or concerns they may have about their refunds or other issues related to the liquidation process.

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