Affinity Credit Union Returns $2.158m to members
As part of the 2012 Co-op Week celebrations, Affinity Credit Union has announced it will return $2.158 million of 2011 earnings to its members in the form of patronage.
Affinity’s patronage program enables members to share in the profits of the credit union annually.
This year, to thank members for their commitment to the credit union, Affinity will return 38% ($2.158 million) of eligible service fees to its members and will allocate 1.5% in interest ($129,000) to members holding previous patronage payments in equity accounts.
The return of equity to members is in addition to the $1.3 million Affinity has already provided to community partners to address important issues across the province, including entry-level housing and financial literacy.
Mark Lane, CEO, said: “Our focus and direction is to help our members and their communities thrive and prosper. Giving back $2.158 million to our members and contributing $1.3 million to support worthwhile causes are just some of the ways we are doing just that.”
Co-op Week is celebrated from October 14th to 20th. It is an opportunity for Canadian co-operative and credit union members to celebrate the fact that they have collectively helped to build this country and to recognize their continuing contributions at home and abroad.
Affinity Credit Union is the 10th largest union in Canada with $2.8 billion in managed assets and a network of 44 branches across the province. It offers access to a complete range of accounts and services including insurance, and wealth management products and is a leader in delivering investment and consulting services to First Nations. Affinity Credit Union is 100% owned by more than 95,000 members, all of whom have a voice in the way they do business.
For more information, contact:
Corporate Communications Manager
Affinity Credit Union