What are they?
Member dividends are paid to members under certain conditions at the end of the fiscal year. The money comes from the Caisse’s surplus earnings and is “returned” to the member-owners.
Why pay member dividends? As a financial services cooperative, the Caisse is guided by cooperative principles, illustrated by the sharing of surplus earnings.
When member dividends are paid, the amount you receive is proportional to your volume of business with the caisse during the year. In other words, the more products and services you use, the better it is for you!
Products and services that earn member dividends
Member dividends are calculated on mortgages, personal loans, term savings deposits and deferred tax savings plans.