Fusion has announced that they’re giving $600,000 in patronage allocations to their members, they’re also giving $1.3 million in cash payouts to members under the age of 19 and over the age of 65, this is along with other dividends that bring the total return to $2,266,874.
CEO Darwin Johns is thrilled to be paying out over 2 million to their members.
“With so many people facing uncertain times right now, we hope that the cash payouts are a timely support to our members, who have made Fusion Credit Union flourish. The annual payouts have been accelerated this year to put cash in members’ hands when they need it the most.”
A patronage allocation is a value returned to a member of Fusion Credit Union based on their relationship.
The amount for each member is different, as it represents a portion of their interest paid and earned during the past year.
Members will see their allocation on their statements.
Business account holders will see the change around the end of June and Personal account holders will see it on their July statement.