As a Mainstreet Credit Union member you have the opportunity to share in and benefit from Mainstreet's profits and success each year. It's our way of saying thank you!
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.
Mainstreet for their 2017 year is proud to have distributed in early March 2018 a total of $310,904.28 in profit-sharing to our qualifying members! Wow!
Currently to take part in Mainstreet’s profit-sharing program, the member(ship) must have an average of $33,333 in business with Mainstreet in the prior calendar year (Jan-Dec 2017).
Per membership (not household): $.30 per $1000 of business with a minimum profit-share amount of $10 per qualifying member. A total of $310,904.28 was distributed and divided between 7,242 members
Your profit-shares are put into your Patronage Shares account which 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.
Want to boost your business with Mainstreet for the potential for a greater share of the profit? Make an appointment today!
A dividend of .15% on the Membership Shares was distributed for 2017. $1,573.89 was distributed and divided between 18,245 members
For 2017, the board approved a return of 3.25% for Investment Share dividend holders. $199,226 was distributed and divided between 384 members