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Synergy allocates more than $3.1 million in ProfitShares

Lloydminster, Sask - Synergy Credit Union members will benefit when more than $3.1 million will be returned and allocated to their ProfitShares accounts in June 2022.

The ProfitShares program is what distinguishes Synergy Credit Union from other financial institutions. When the credit union has success, so do its members – not shareholders.  The more business members do with qualifying products, the greater the amount of money returned. Each year, Synergy returns up 20 per cent of its income to members in the form of ProfitShares.

Since the program’s introduction in 1983, more than $89 million has been allocated to members’ ProfitShares accounts. This fall, Synergy will pay out cash to members who have reached a certain dollar amount in their ProfitShares accounts ($10,000 for individuals, $30,000 for businesses/organizations). To date, more than $49 million in cash has been paid to members in the form of ProfitShares.

“We are incredibly proud of this program because it makes a difference in our members’ lives,” said Synergy Chief Financial Officer Christine Tucker. “ProfitShares is certainly a benefit of being a member and we want to thank them for continuing to support Synergy.”

Lloydminster, SK - Tuesday | June 7, 04:28 PM
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