Past Equity Reimbursement

April 7, 2025

We are excited to announce that New Horizons Board of Directors approved the pay out of past accrued equity in the amount of $650,000 after our 2023-24 Fiscal year end. This amount of money fully reimburses the years of 2008-2012 equity earned. This reimbursement will be seen as a credit (Negative Amount) on this month’s regular statement. If you qualified for equity in those years, you would see a line item like below:

03/24/25                     2008-2012 EQUITY REIMBURSMENT                   -$$$$

New Horizons and its Board of Directors are very proud of the ability to make good on past year’s qualified equity. We thank you for your commitment to our Cooperative and the trust you put in our business model. With your continued support we will continue to share positive results through future patronage and competitive product offerings. We are committed to maintaining transparency and rewarding our loyal patrons who have been the backbone of our success. Looking ahead, we are excited about the initiatives planned for the coming year. These include expanding our product lines and enhancing our member services to ensure that we consistently meet your needs and expectations.

In addition to financial rewards, we are also focused on building a strong community. Our Cooperative is more than just a business; it’s a partnership with our patrons and the local communities we serve. We encourage you to take advantage of our scholarship opportunities, community events, and member-exclusive promotions as we work together to create a brighter future.

Thank you once again for being a part of the New Horizons family. We look forward to another successful year filled with growth, innovation, and shared prosperity.