Dividends FAQs

 

Dividends

  1. How often are dividends paid?

  2. What rate of dividend is paid on Share Accounts?

  3. How are dividends computed?


   

 

The rules, policies, or regulations may be changed at any time by action of the Board
or amendments to the Credit Union Act and By-Laws.

 

Dividends

How often are dividends paid?

•  Dividends are paid quarterly.

What rate of dividend is paid on Share Accounts?

•  No rate of dividend is guaranteed as it depends on the net earnings as of the end of each quarter.
The rate of dividend is set by the Board of Directors at the end of each period. Dividends are posted
to members' accounts quarterly.

How are dividends computed?

•  Dividends are computed based on the average daily balance at the end of each quarter.
March, June, September and December.

 

 

 
 

 

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