The total amount to be disbursed is decided annually by the Board. This year it is $100,000. The amount paid to each member is based on that member’s business with MVFCU, and ranges from minimum of $5.00 to $300.

Members will see a deposit in their Share Account (S1) when they login to online banking, or when they receive their December statement.

No. If you earned a patronage dividend, it will be automatically deposited into your savings account at the end of the year. It would be credited to your savings account and titled as 2021 MVFCU PATRONAGE DIVIDEND PAYOUT.

The dividend was paid to members with active accounts in good standing, and was based on several 2020 factors, including: interest paid on loans, dividends earned on deposit products, active use of debit cards, and length of membership.

Minnesota Valley Federal Credit Union plans to share its earning with members in future years. Your Board is dedicated to sharing the wealth through a patronage dividend whenever financial circumstances allow it.

The more products you use and the higher the balances you maintain on your accounts, the greater the opportunity for a reward. Although a Patronage Dividend Payment is never guaranteed, the best way you can ensure you can earn one in the future is by continuing to expand your relationship with us and by encouraging other members to do so as well.

• We paid $60K patronage dividend for 2015.
• We paid $80K patronage dividend for 2016.
• We paid $70K patronage dividend for 2017.
• We paid $90K patronage dividend for 2018.
• We paid $80K patronage dividend for 2019.
• We paid $90K patronage dividend for 2020.
• We paid $100K patronage dividend for 2021.
• We paid $110K patronage dividend for 2022.
• We paid $90K patronage dividend for 2023.