Mon. Jun 17th, 2024
Fifteen Thousand Members to Share Remainder After Liquidation of Israel’s Largest Cooperative

Coop Israel, the largest consumer cooperative in the history of Israel, was registered in 1950 in Jerusalem. After years of 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.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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