What's not to love about sharing $72.8 million with your friends?
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 Up to 20% of the balance in your profit sharing account can be withdrawn to spend on whatever you want.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.
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Existing members can easily open additional sub accounts. Please note that you must be on online banking to use this feature.
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For over five decades it has been an honour to be part of our communities and we’re committed to being here for decades to come. Opening an account? Buying your first home? Saving for retirement? Choose your financial destination, and let’s make sure you take the best route.
