Cookies help website users perform certain functions. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the website.
If you wish, you can change your cookie settings at any time.
Tel: 0141 445 0022 Fax: 0141 440 2294 Email: firstname.lastname@example.org
As Credit Unions are mutual organisations, we pay a dividend on our members’ savings instead of interest. This is because members are the owners of the Credit Union and not just customers. So members’ savings are classed as shares, with each share being eligible for a dividend at the end of the Credit Union financial year.
The amount of dividend we pay will depend on the financial success of the Credit Union that year as any surplus funds are returned to our members or reinvested in the business.
Dividends are decided at the Annual General Meeting each year.
The Credit Union pays dividends without the deduction of income tax. The responsibility for any tax liability lies with the individual member.