Murphy says he would like to see at least a five percent rebate in the next few years.
"My gut tells me for it to be meaningful to our members, I think it has to be at least five percent," Murphy says.
The way that rebate will increase, Koh says, is through taking a close look at what departments can be cut.
"One word that can describe the general direction of the Coop over the next couple of years would probably be downsizing," Koh says.
In the long term, Murphy says his goal is to improve student and alumni relations with the Coop.
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"I would want warmer feelings for the Coop, not a love-hate relationship," Murphy says. "Students of today are my alumni of tomorrow. I want them to have some association with the Coop."