Profit Shares
Sharing in our Success
Rocky
Credit Union's financial success is shared directly to our members — we call
it Member Shares.
Upon review
of the annual financial statements, the Board of Directors may declare a Member Shares dividend and profit share refund.
All
non-registered Common Share earnings are taxable for the year in which they are
received and T5s are issued accordingly. Dividends earned on RRSP Shares
are held within the RRSP and are not taxable until withdrawn.
In November of 2020,
Rocky Credit Union will be sharing a 2.15% dividend on common shares.
In November of 2020, Rocky Credit Union will be refunding 10% profit shares on interest paid and earned.
We reward our members with your loyalty to us by refunding a percentage of the interest paid on your loans and the interest earned on your investments (registered product and term deposits). Profit Share refunds are T5 exempt.
You can always contact us by e-mail at info@rockycu.com or by phone at 403.845.2861.
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