Member Shares and Dividends

As part-owners of the Credit Union, each member must pledge a $50.00 Member Share deposit. This is not a fee, but represents your investment in the Credit Union and is returned to you if you close your account. Member Shares help maintain the Credit Union’s capital requirements as regulated under provincial legislation.

Dividends, bonus rates and rebates are paid out annually (January) on members’ deposits, loans and mortgage accounts based on the Credit Union’s earnings for the fiscal year (January – December). This is one of Golden Horseshoe Credit Union’s traditions that members value most. In addition to receiving an already-competitive rate on deposits and lending products, you can generally count on an annual bonus rate on your deposit(s) and a rebate on interest paid on your personal loan and/or mortgage.