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Profit Share
Get Your Slice of the Pie
You won’t see many banks sharing their profits with their customers. Happily, we’re not a bank. At Bow Valley Credit Union, we don’t see you as our customer; we see you as our member and that’s entirely different.
When you open your Bow Valley Credit Union account, you become one of our members. When we make a profit, you get a piece of it. It's what we know is right. You could get a little or a lot. The more business you do with us, the more we share with you. We call it getting Your Slice of the Pie, and it’s what set us apart from other financial institutions.
We promise, there’s no catch, just cash back. A lot to take in? When you compare that shareholders own banks while every member of our Credit Union is an owner, it changes the picture. Banks pay profits to their shareholders. We share profits with our members.
2022 Profit Share Payments
BVCU's Profit Share Program is based on a percentage of interest you had paid on any Residential Mortgage, and interest you had earned on Term Deposits with us in the last year. This is how your 2022 Profit Share payment was calculated:
- Residential Mortgages, a return of 2% on loan interest paid
- Term Deposits, a payment of 6% on interest received
Profit share was paid on April 27, 2023. Check your May 2023 statement to see your amount!
The difference that pays
We live to share our success with our members. Want to know how to optimize your profit share?
The Fine Print: We are always reviewing our programs offerings and considering ways to make things better for our membership! Should we have exciting news about changes ahead, we will be sure to share!