Profit Sharing

Pshares

Our 50th birthday is over, but there's one more treat for members.

There are a lot of sweet benefits to being a member-owner at Kootenay Savings, especially our Member Rewards Program. In 2019, we celebrated our 50th anniversary, and based on financial results for that year, we are very pleased to give you a 2.00% profit sharing dividend.

You won’t find many banks sharing their profits with customers. But we’re different. We’re a credit union, and 2020 marks the 27th consecutive year Kootenay Savings has rewarded our members with a dividend.  Since we introduced profit sharing in 1992, we’ve shared more than $72.2 million with our members. This year’s sweet total is $615,224. Your piece is in your account now.

What can you do with your share? That’s up to you. Up to 20% of the balance in your profit sharing account can be withdrawn to spend on whatever you want. Good ideas for the rest: consider investing it in a TFSA for tax-free growth or an RRSP for a tax credit now!

It pays to bank with us. To learn more, check out our Profit Sharing FAQs.

To view the full Terms and Conditions for our Patronage Progam, please click here.