We’re not talking about the lottery. We’re talking about our Member Rewards Program. 2023 marks the 30th consecutive year we’ve proudly paid a share of our profits to you, our amazing member-owners. Based on our financial results for 2022, this year’s dividend is 1.00%.
You won’t find many banks sharing their profits with customers. But we’re different. We’re a credit union, and as a Kootenay Savings member, you don’t just bank here: you belong here. We believe you deserve to profit from our success, too. Since the introduction of our Member Rewards Program in 1992, we’ve shared more than $72.8 million with our membership. The total amount this year is $239,880. Your share is in your account now.
What can you do with this free money? It’s your call. Up to 20% of the balance in your profit sharing account can be withdrawn to spend on whatever you want. Great ideas for the rest include investing it in a TFSA for tax-free growth or an RRSP for a tax credit now!
To learn more check out our Profit Sharing FAQs.
To view the full Terms and Conditions for our Profit Sharing Program, please click here.