Coop Israel Comes to an End: 15,403 Members to Receive Substantial Share of Remaining Funds

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

Coop Israel, the largest consumer cooperative in Israeli history, was established in 1950 and has been in operation for many years. However, after much time, the cooperative has finally come to an end. Over the past five years, all debts have been paid off and the cooperative’s coffers now hold a substantial amount of 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 26th, members can visit any Israel Post office to present their necessary documents and receive approximately 1,400 shekels (gross) from the remaining amount after liquidation of the cooperative and debt repayment. Members with questions or require additional information can contact the hotline at 03-6555700.

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