Membership-Patronage Dividend Payment

For the 25th consecutive year, the WFCU Board of Directors has declared the annual dividend on Membership-Patronage Shares. This dividend will be paid on Friday, September 4, 2015, to active members with Membership Shares at May 31, 2015.

Members who have joined prior to May 1995 and have $85 in Membership Shares ($170 for joint members) will have $5 paid to their Patronage Shares ($10 for joint members). Members who joined after May 1995 will have their dividend paid to their Membership Shares until they attain the required $85 Membership Shares level ($170 for joint members).

The dividend payment is one component of the credit union's planned strategy to build our Regulatory Capital and to strengthen our financial position.  This dividend payment is counted as part of our Regulatory Capital which consists of Membership and Patronage Shares, Investment Shares and Members’ Equity.

Through this plan, by May 2015, WFCU has built $99 million in Regulatory Capital, providing a capital ratio of 7.76% and a risk weighted capital ratio of 13.51%, surpassing the required legislated levels of 4.00% and 8.00%, respectively.  This strong capital base ensures WFCU continues to expand and offer competitively priced products and services.