What Rate Of Dividends Are Paid On Shares?
The dividends are determined by the amount of income generated from loans, investments, and fees. The Credit Union Board of Directors evaluates the Credit Union income and expenses and declares a dividend at the end of the quarter based upon those earnings which are available for distribution to shareholders. While the actual amount of the dividends will vary, it is important to note that your credit union is a nonprofit organization with high standards of maintaining safety and soundness to keep the Credit union strong and healthy. Dividends are paid on accounts that have an average daily balance greater than $200.
