The Board of directors declared Dividends, Bonus interest and Loan interest rebates for 2014 fiscal year as follows:
Bonus Interest including RRSP’s and RRIF’s 5%
Loan Interest Rebate 3%
The Dividend is calculated on the minimum monthly balance in the Share Capital Account
The Bonus interest is calculated as a percentage of interest received ie. If you received $100 in interest in 2014 we would pay 5% of the $100= $5.00
The Loan interest Rebate is calculated as a percentage of interest paid ie. If you paid $100 in loan interest in 2014 we would pay 3% of the $100= $3.00
Dividends and Interest Rebates were posted to members accounts on Thursday February 19,2015.