Are there Credit Unions that still pay dividends?

D

Dinarius

Registered User
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My credit union (Dublin, south-side) stopped paying dividends some years ago and has no plans to review this.

Sheer inertia has caused me to leave my money on deposit with them.

As I recall, the dividends, in percentage terms, were equal to or better than bank deposits at the time.

What is the situation with credit unions now?

Thanks.

D.
 
Unless you have funds above a certain minimum value on deposit with them, they'll charge you for "minding" your money.
 
Dinarius said:
Are there Credit Unions that still pay dividends?
Click to expand...
Yes - e.g.:
www.offalyindependent.ie

Credit Union set to return €1.9m to local economy | Offaly Independent

Tullamore Credit Union is proposing to plough some €1.9m back into the local economy through dividends and loan interest rebates in the coming weeks.
www.offalyindependent.ie www.offalyindependent.ie
www.tipperarylive.ie

BREAKING: Members of Clonmel Credit Union in line for over €2m Christmas windfall

This is massive news for the local economy
www.tipperarylive.ie www.tipperarylive.ie
www.anglocelt.ie

Cavan Credit Union to host virtual AGM | Anglo Celt

Cavan Credit Union invites all members to attend its Annual General Meeting for 2024, which will be held virtually on January 27 at 7pm, and be the last for outgoing CEO Therese Conway.
www.anglocelt.ie www.anglocelt.ie
 
Dinarius said:
My credit union (Dublin, south-side) stopped paying dividends some years ago and has no plans to review this.
Click to expand...
I used to keep some savings in the CU, but like yours my Dublin CU also pays zero interest. I keep an account open in the CU in case I have no access to my bank for any reason and to be in the CU monthly draw that has far better odds of a win than money spent on the Lotto.

Rather than leaving it in a current account, any funds that will be spent soon but not immediately or funds that might be allocated for something like holidays later in the year now goes into an AIB 7 day notice account @ .75%. Not a lot but a decent take away from AIB twice a year is better than zilch from my CU.
 
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