HOW ARE DIVIDENDS PAID AND CALCULATED?
Dividends are paid on a quarterly basis and earn interest from the date of deposit to the date of withdrawal. Dividends are paid: 1/1 4/1 7/1 10/1. Note: On your income tax forms, credit union dividends are reported as “income from interest” and not as corporate (stockholders) dividends. Effective 4/1/96, the Credit Union will not pay dividends on accounts with less than $100.00 in them.
