Dividend

One of the benefits of saving regularly with Tay Valley Credit Union is that, subject to the credit union making a sufficient financial surplus each year, our members receive an annual dividend, based on their savings balance.  All members receive the same rate of dividend no matter how small their savings balance.

The annual dividend rate is proposed by the Board of Directors at the end of each financial year and voted upon by the members at the Annual General Meeting. 

Any amount available for distribution back to members is dependent on the amount of surplus remaining after the credit union has paid all expenses and complied with all statutory provisions. A dividend will only be paid If a sufficient surplus is available at the end of the financial year,

In this way the credit union returns part of its profits directly back to all members. The more successful the credit union is, the more all the members benefit.