December 17, 2016
How is the Member Bonus calculated?
The 2017 Member Bonus will be shared with members who hold either deposit or lending accounts. The breakdown of this allocation is equal, 50% to deposit holders and 50% to loan holders.
Member Bonus is calculated on interest earned and paid on qualifying products for calendar year 2017, and equates to an additional 5.06% on interest already earned and 2.80% on interest already paid.
Your Member Bonus will be deposited via direct deposit to qualifying accounts by Friday, March 16, 2018, and can be viewed on member statements under the name of “Member Bonus”.