Co-op Gas Charge and Furnace Oil Accounts
All charge accounts are subject to credit approval. Charge restrictions
include: food, drinks, tobacco, newspapers and magazines. Account
terms are 30 days; what is charged in the current month, must be
paid by the end of the following month. Interest of 2% is applied
to the account if it goes over 30 days. If you pay your current balance
on or before the 20th of the following month, you will receive 2%
off the current balance. If your account goes over 30 days,
your credit privileges will be suspended. If at anytime you experience
unexpected financial difficulties and are unable to make the full
payment, please contact the office to make suitable arrangements.
A small payment is required, even if overdue.
Co-op Auto Furnace Oil Budget
Account
The account goes from September to June of
each year. There will be a pre-determined
monthly payment. We do accept post-dated cheques to cover the ten months. This is a non-interest
account until June 30 unless payments are missed. As of June 30,
the remaining balance must be paid in full (unless a delivery was
recently made) otherwise interest will be applied to the account
and oil deliveries will be placed on hold. If at anytime you experience
unexpected financial difficulties and are unable to make a payment,
please contact the office.
Why Choose Home Heating Oil?
Oil heat
is the most efficient way to heat your home or business. One
gallon of heating oil generates 140,000 BTU's of heating energy compared
to propane at 93,000 BTU's, natural gas at 92,000 BTU's and electricity
at 3,412 BTU's.
Home heating oil is extremely safe. It does
not explode. It
burns in your furnace when injected through nozzles as a mist. The
mist ignites and burns at very high temperatures, heating your home. With
Co-op Home Heating you get all the benefits of Co-op membership
plus
seasonal promotions.
If you prefer monthly billing throughout the year, we offer a Budget
Plan to ease the payment of large deliveries (some restrictions may
apply, on approved credit).
Applying for Equity Repayment
Payment to an Estate: Payment
will be made following the submission of an "Application
for Withdrawal of Equity" by
the Executor(s) of the Estate, to the Board of Directors. A copy
of the Death Certificate must be included with the application.
The membership number can be transferred to the surviving spouse.
This request should be noted at the time of "Payment to an
Estate". Ten dollars ($10.00) will be retained in the Equity
to ensure Active Membership.
When the Member Attains 65
Years of Age: Payment will be made to the member following
the acceptance of an "Application
for Withdrawal of Equity" by
the Board of Directors.
The Member Ceases to Reside in the Alberni
Trading Area: If the member ceases to reside in the trading
area of the Association and can no longer use the services of the
Association, an "Application
for Withdrawal" can be forwarded
to the Board of Directors for review. Proof of residency
must be included with this application.
All of the above requests must be approved by the
Board of Directors and paid out monthly if the funds are available.
