Dividend and Patronage Rebate Information
We are thrilled to share that Brunswick Credit Union has issued dividends and patronage rebates to our members!
As a member-owned financial co-operative, Brunswick Credit Union, is dedicated to the individuals and communities that make us strong. Our commitment to Community First, Investing Locally and Helping our Members helps ensure all New Brunswickers can prosper right here at home.
We reinvest in our communities through bursaries, sponsorships, and donations and support the growth of our local economy by investing in individuals and businesses through loans. We also invest back into the credit union to ensure we offer great products and services at competitive rates and provide an exceptional member experience.
Giving back through dividends and patronage is another way that we share our profits and invest in our members.
“I’m delighted to share that Brunswick Credit Union is returning over $212,000 to our members through dividends and patronage rebates. This is more than a financial milestone—it’s a celebration of our shared success. These payments reflect our commitment to putting community first, investing locally, and helping our members prosper right here at home. Thank you for being part of Brunswick Credit Union. Together, we’re building a stronger financial future for all New Brunswickers.”
At Brunswick Credit Union’s 2024 Annual General Meeting, our Board of Directors made the recommendation to issue a 4% dividend on member shares and a 3% patronage rebate based on pre-tax profits from 2024. This was accepted by members at the meeting through a vote.
“The Board of Directors of Brunswick Credit Union are united in wanting to do all we can to help New Brunswick succeed. That’s in large part why we’ve approved this year’s substantial dividend – this is our member’s money, returned to them and to the New Brunswick communities we serve. Together, let’s keep building a better New Brunswick! ”
What is a dividend and patronage rebate and how does it work?
Dividends and patronage rebates are distribution of profits made by co-operatives, like credit unions, to its members. These could be given as cash, surplus shares or through another form.
Patronage rebates are unique to co-operatives and are one way credit unions share their success with their members.
How are dividend payments and patronage rebates calculated?
Dividend Payments
A dividend payment of 4% was paid to members with memberships shares with a minimum balance of $300. Payment was calculated on the value of a member’s membership shares as of December 31, 2024.(1,2)
Payments were deposited to members’ chequing or savings account. Members who do not have a chequing or savings account will receive their payment into their share account.
(1) Members may hold up to $5,000 in membership shares.
(2) Dividend payments are classified as interest payments for tax purposes, and you will receive a T5 for this payment for the 2025 tax year.
Patronage Rebates
A patronage rebate of 3% was distributed as surplus shares on pre-tax profits paid from interest earned on deposits and interest paid on loans for the year ending December 31, 2024. Members who earned a patronage rebate of $10 or more received payment of their rebate into their Surplus Shares account.(1)
Patronage rebates vary from member to member based on the business you conduct with the credit union. For example, someone who has a mortgage, loan and non-registered GIC would receive a patronage rebate based on the interest they paid or earned in 2024 for these three products.
(1) If the balance in a member’s Surplus Shares Account reaches $5,000, payment will be paid into the member’s chequing or savings account.
How do I see how much I have earned?
You can check your account online or review your June 2025 statement to see the value of your dividend or patronage rebate.