Ownership & Profit Sharing
Ownership is the biggest difference between the credit union and the banks.
When you join a credit union, you become a part owner of a financial cooperative in which you purchase and hold membership shares. Working with a bank? If so, you are just a client, rather than an owner with a say in how things are run. Credit unions share their profits with members; focusing on exceptional member services and providing them with outstanding financial benefits, including no fees for many products and services.
Profit paid to members through patronage distribution and dividends is based on our financial performance as a credit union throughout the year. The Board may determine the total profit payout at the end of each fiscal year.
For 2019, the Board of Directors declared a 4% dividend on Membership and Patronage shares.
Learn more about Moya Financial Membership and Patronage Shares below.