Annual Bonus Share Distribution 2017
DUCA is committed to helping you do more, be more and achieve more with your money and your life. It’s not just something we say, it’s why we exist. Our Profit Sharing program is one of the ways we live out this purpose.
Since 1999, DUCA has been sharing a portion of its profits with Members in the form of Class “A” Bonus Shares. We are pleased and proud to report that over DUCA's history, a total of over $70 million of Class “A” shares and Class “A” share dividends has been returned to our Members.
Class “A” Shares
For the fiscal year 2017, Class “A” shares will be distributed on January 1, 2018. The amount of Class “A” shares distributed will be equal to 2% of interest paid or received in 2017 (up to a maximum of $1,000) by individual Members. Please note that a Member must have earned a share minimum amount of $10.00 across all account types in order for the payment to be posted to the Member's account.
Class “A” Shares Dividend
For the fiscal year 2017, the dividend is based on our performance as a Credit Union throughout the year and is determined by the Board of Directors upon the completion of the audited financial statements. Subject to satisfactory financial performance, the dividend will be declared by the Board of Directors on February 28th and will be paid on March 1, 2018. This payment will be made based on Member Class “A” share balances as of December 31, 2017.
For Further Information
Your annual statements will indicate the total amount of your Class “A” shares as of January 1, 2018.
For more information, please do not hesitate to contact your branch or call 1-866-900-3822 or visit our site for The Fine Print.