Non-Redeemable Patronage Shares

Patronage is paid annually to our membership, with the total dollar amount based on the profitablity of the credit union. As an owner, this is your share of the profit of the credit union.

The amount each member receives is based on the amount of interest earned or paid at the credit union. This patronage is currently paid in the form of non-redeemable patronage shares. Each year the Board of Directors reviews the credit union's financial position to determine the amount of non-redeemable patronage shares that can be redeemed into cash.

The patronage refund calculation can be somewhat complicated & we invite you to contact us for further information.

History of Patronage Refunds

History of Non-Redeemable patronage Shares Redeemed to Cash

If you have any questions, please visit Erickson Credit Union or contact us.