The North of 53 CO-OP remains financially sound as per Tuesday Night’s Annual General Meeting. Total sales for 2025 were up with total $37,822,799 combined from grocery and petroleum departments. In terms of long term debt, the CO-OP now finds that figure at 0 as the building originally built nine years ago is now paid off. The board commended the efforts made by the staff and management during the wildfires.
President Dennis Whitbread discussed the toll of the evacuation but also the resiliency of Co-Ops Finances. “Well, with all the setbacks with the wildfire, we lost 2 million dollars over a 4 week period. Which we managed to get back through sales, our management team has done an awesome job of getting us back up and running very quickly after the wildfires. And we appreciate all the patronage that we’ve had from our customers.”
Overall, profit margins were down as a result sitting at 17.8 percent in 2025 down from 19.8 in 2024. The total membership sits at 4965. The Board of Directors is unchanged with Dennis Whitbread as President, Nevada Danis as Vice President, Secretary Linda Clarke, Manager Randy Dumenko, Finance Director Kelsey Horrocks and Directors James Johnson, Richard Klause and Chelsey Dionne. A special acknowledgement was made of the contribution of the late Scott Dallas who served as the North of 53 Co-op’s bulk petroleum manager.
