Aldergrove Credit Union Returns Close to $1.4 Million to Members

Aldergrove, BC – For another year, Aldergrove Credit Union is returning money to members through dividend and patronage rebates.

"2009 was another successful year for Aldergrove Credit Union”, says CEO Gus Hartl. “Like many other financial institutions, we came into the year after experiencing very turbulent and uncertain times. Despite this, we ended 2009 strong and in good financial standing. This was the direct result of our members supporting us and continuing to give us the opportunity to provide them with the best financial service they will always get with us.”

Aldergrove Credit Union has returned patronage and dividend rebates to their members since the 1970s. All members share in the ownership of the credit union and when earnings are generated and cash flow is adequate, dividends and patronage rebates are paid to members. For 2009, members will receive almost $1,400,000 as follows:

• 5% Dividend on equity shares
• 4% Patronage rebate on loan interest
• 4% Patronage bonus on deposit interest

“We thank our members for another successful year and look forward to serving them this year and beyond,” says Hartl.

All rebates will be deposited to member accounts in the first quarter of 2010.

This website is © 2010 Aldergrove Credit Union, all rights reserved. Privacy Policy.