Membership and Patronage Shares

The biggest difference between banks and credit unions is ownership. Everyone who joins a credit union becomes an owner of a financial cooperative by purchasing membership share. If you are with a bank, you are a client, not an owner, and you do not have a say in how things are run.

Did you know?

The total amount of profit paid to members, including both patronage distribution and dividends, is based on our financial performance as a credit union throughout the year. It is determined by the Board of Directors at the end of our fiscal year.

For our 2018 fiscal year, the Board of Directors has declared a 4% dividend on Membership and Patronage shares.

Banks serve the interests of shareholders and usually cap the profits shared with them. Credit unions share their profits with members, focusing on their financial benefits and exceptional member services.

Learn more about Moya Financial Membership and Patronage Shares below:

 

Patronage Shares

 

Credit unions distribute returns based on the amount of interest paid and earned. It is determined by the Board of Directors at the end of our fiscal year.

 

LEARN MORE & FAQ

 

Membership Shares

 

The biggest difference between banks and credit unions is ownership. Everyone who joins a credit union becomes an owner of a financial cooperative.

 

LEARN MORE & FAQ