- About Us
- Become A Member
- News & Events
- Tools & Resources
- Contact Us
- Ways to Bank
Profit Sharing benefits are paid out in cash and Common Shares which reward you for being a loyal member, while at the same time ensuring the sustainability of our Credit Union. Profit Sharing is paid through dividends on Common Shares, rebates on interest paid by members, and bonuses on interest paid to members.
Dividends on Common Shares are paid in the form of additional Common Shares. Paying dividends as shares strengthens our financial position and helps us build a stronger share base. We can continue to provide the products you need and service you can trust by maintaining a healthy financial organization. Members can also earn more dividends in future years on their re-invested Common Shares.
The rebate on interest paid by members is paid in cash based on a percentage of the interest paid on mortgages and loans.
The bonus on interest paid to members is paid in cash based on a percentage of the interest earned on term deposits. Bonus interest instead of cash is paid on registered products and Agriinvest.
The total Profit Sharing paid to members is based on our Credit Union’s performance throughout the year and is determined by the Board of Directors at the end of our fiscal year and paid in November. One half of the Profit Sharing is deposited into your account and the other half is deposited into your Common Share account. Bonus interest on registered products is also paid at this time.
if you have any questions about Profit Sharing, please contact your branch.
65 Anniversary Celebrations!
Please join us as we celebrate the Lord’s blessings with food, fellowship, and our special guest, Phil Callaway! LethbridgeThursday, March 9Coast Hotel526 Mayor Magrath Dr S, Lethbridge,...
Coaldale Christian School Expands
Coaldale Christian School was established in 1974 and primarily serves members of the Canadian Reformed church. The school has been blessed with steady growth and...
Interac® Flash - The fast, secure way to use your own money
Interac Flash is Canada’s first contactless debit solution. It allows you to pay for everyday purchases quickly, securely and...