Profit Sharing Program

The more business your do with us, the more your share in our profits!

Members are owners!

Lakeland Credit Union members have a voice in the running of our organizations. Members participate in the Annual General Meeting and elect the Board of Directors. Members also share in the profits through the Profit Sharing Program, which offers impressive dividend payout and patronage returns. Dividends are paid on your common share balance while patronage returns are calculated on the interest earned by your deposit accounts and the interest paid on your loans with us.

Dividend and Patronage Historical Returns


Fiscal Year 

2016

2017

2018

2019

2020

Common Share Dividend

3.00%

3.00%

3.00%

3.00%

1.50%

Loan Interest Rebate

8.00%

9.00%

9.00%

9.00%

4.50%

Deposit Interest Bonus

11.00%

12.00%

12.00%

12.00%

3.00%

Service Charge Rebate

8.00%

9.00%

9.00%

9.00%

3.00%

Total $ Paid Out

$2,500,000

$2,500,000

$2,600,000

$2,800,000

$1,300,000

Avg. Prime Rate

2.70%

3.20%

3.41%

3.95%

2.45%

Avg. 5 yr Term Deposit Rate

1.30%

2.20%

2.64%

2.74%

1.56%

We’ve returned more than $45.6 million to members since 1995!


Check out what your dividend and patronage will be.
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