Patronage
Dividend
Thank you, members, for being a part of the MVFCU Community! The Patronage Dividend is your extra slice ("YES") for being an active member-owner.
Look at your December statement. If you were paid a Patronage Dividend for your loyalty to MVFCU, you will see a deposit labeled MVFCU PATRONAGE DIVIDEND PAYOUT.
Our Patronage Dividend
A patronage dividend is a distribution that some co-operatives pay to their members. Patronage dividends are given based on proportion of profit made by the business. Once this amount is calculated, the dividend is distributed according to how much each member has used the Co-op services.