Vision Credit Union will be returning approximately $10.7 million to its members in Profit Shares allocation.
Every year, Vision members have annual profits allocated into their profit shares accounts based on interest earned on their deposits and interest paid on their loans. As a member-owner, their share of the profit was 25 per cent for every dollar of loan interest they paid in the last year. They were also paid an additional 25 per cent for every dollar in interest income they received.
Vision Credit Union’s 10-year average profit shares allocation rate has been 25 per cent.