Membership and Patronage Shares 2018

For the 28th consecutive year, the Board has declared the annual dividend on Membership-Patronage Shares and this will be paid on Friday, September 7, 2018, to active members with Membership Shares at May 31, 2018.
 
Members will have their dividend paid to their Membership Shares until they attain the required $85 Membership Shares level ($170 for joint members).  Members who have $85 in Membership Shares ($170 for joint members) will have $5 paid to their Patronage Shares ($10 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 2018, our Credit Union has built $151.7 million in Regulatory Capital, providing a capital ratio of 7.11% and a risk weighted capital ratio of 11.72%, surpassing the required legislated levels of 4.00% and 8.00%, respectively.  This strong capital base ensures our Credit Union continues to expand and to offer competitively priced products and services.
 

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