Bonus Share Features

It pays to bank at DUCA. Let the Bonus Shares work for you just by doing business with DUCA.

• A portion of DUCA's net income will be paid in Bonus Shares each year. This will be determined by the financial activity that the member has transacted during the year.
• Your existing Bonus Shares will earn a return each year, based on the Bonus Share balance at December 31st of the previous year.
• Everyone who joins DUCA is eligible to earn Bonus Shares. Only members can earn Bonus Shares. Additional shares cannot be purchased.
• Annual statements will indicate the total value of your Bonus Shares.
• Shares are transferable to another party only with Board approval.
• Bonus Shares are part of the equity of the credit union. Redemption of these shares is only possible up to a legal limit of no more than 10% of the total Shares outstanding for all members in any one year, on a first-come first-served basis.
• Shares cannot be redeemed in the year of issue. Shares can be redeemed in subsequent years to the year of issue as follows:
  
  50% of face value in year 2
  60% of face value in year 3
  70% of face value in year 4
  80% of face value in year 5
  90% of face value in year 6
  100% of face value in year 7 and subsequent years.
• In the event of death, Shares can be transferred to the estate of the deceased, or redeemed at full face value.

Come bank with us and experience a new way of banking!