In 2020, $2.7 million will go back to member's Profit Shares accounts based on deposits, loans and dividends!
How does the Profit Sharing Program Work?
- Earn ProfitShares rewards (profit sharing) each year; the rewards are paid into your ProfitShares account. ProfitShares rewards are based on:- Interest you have on qualifying loans.
- Interest we have paid you on non-registered savings and term deposits.
- The dividends you earn on your ProfitShares balance.

- Few products do not qualify for ProfitShares – mostly due to government regulations, such as registered products (RRSPs). Those products that do not qualify offer favorable upfront rates.
- Members automatically receive ProfitShares on qualifying products unless they opt out.
- Each year, your democratically-elected Board of Directors will determine your annual ProfitShares allocated into your ProfitShares account. Your ProfitShares allocation is equivalent to a rate bonus or discount.
- Once your ProfitShares account balance* reaches a certain amount each year, you get a ProfitShares cash payout (of the amount over that balance) that goes directly into your account later in the year.
*$10,000 for personal and $30,000 for businesses/ organizations.