Does your bank share its profits with you? 

We just shared over $1 million with our members and communities.

Mainstreet Credit Union is a financial co-operative and as a member, you have the opportunity to share in and benefit from our profits and joint success each year. It's our way of saying thank you for banking cooperatively with us!

How can I qualify?

Mainstreet pays profit shares once per year based on the profitability of the credit union and the volume of business you hold during the year. You could get a little or a lot, and the more you bank with us, the more we share with you.

In the 2023 fiscal year, we are proud to have shared over $400,000 in patronage shares, $56,000 in member shares, $412,000 in investment shares, and over $188,000 with our communities. 

How much will I receive?

For 2023 shares (paid March 12, 2024):

Per membership (not household), $0.10 per $1,000 in service totals with a minimum profit share amount of $5 per qualifying member.

Patronage Shares:

A dividend of 5.71% on existing Patronage Shares was distributed for 2023.

Membership Shares: 

A dividend of 5.71% on the Membership Shares was distributed for 2023.

Investment Share Dividends:

For 2023, the board approved a return of 5.71% for Investment Share dividend holders.

How are they paid?

Your profit-shares are put into your Member Patronage account. You can view your deposit and account balance in online banking or by speaking to your in-branch representative for further information.

They remain in your account but are partially redeemable at 10% per year and fully redeemable if you ever had to leave Mainstreet.

New for 2024: You can now hold your patronage dividends in a Patronage RRSP. Call or make an appointment to discuss with your advisor.

Want to earn more Profit Share?

Want to boost your business with Mainstreet for the potential for a greater share of the profit? Make an appointment today to discuss with your advisor! 

Experience cooperative banking that is
Invested in you.