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Patronage Dividends

You won't see many banks sharing their profits with their customers, but we’re not like most banks. When you’re a part of Your Neighbourhood Credit Union, you’re a member-owner and when we make a profit, you get a piece of it. The more you bank with us, the more we share with you – it’s what sets us apart.

We’re pleased to announce that $300,000 in profits was shared with eligible members in the form of patronage dividends on March 19th, 2025! Sharing the wealth is one of our core values and benefits of banking the credit union way.

Please check your dividend account in online banking to see your share. If you don't see a share dividend account, please contact us - you may just need to have your dividend account linked to your online banking or you may need more information on how to become eligible to receive a dividend. We will be happy to answer your questions!

Frequently Asked Questions

A patronage dividend is a share of the profits that the Board, in their sole discretion, may choose to return to the membership on an annual basis. It’s one of the things that makes us different than a bank!
 
The total amount to be disbursed is decided annually by the Board. This year it is $300,000. The amount paid to each eligible member is based on that member’s business with us, and ranges from a minimum of $2.00 to a maximum of $200.00.
 
By putting a ceiling on the dividend, more members are able to participate in our share the wealth program.
 
We want to reward those members who make us their primary banking institution. Check your dividend account to see what your share is. If you have a question about your dividend, please contact us.
 
 
 
 
 
 

2024 Your Neighbourhood Credit Union Limited. All rights reserved.

Your Neighbourhood Credit Union (YNCU) is a licensed credit union operating in, and under the laws of, the province of Ontario. Eligible deposits in registered accounts have unlimited coverage through the Financial Services Regulatory Authority (FSRA). Eligible deposits (not in registered accounts) are insured up to $250,000 through the Financial Services Regulatory Authority (FSRA) .

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