Fusion Credit Union announced that it will be giving over $900,000 in payouts to its members this year.
$500,000 will be given out as patronage allocations to its members and $400,000 in cash payouts to members under 19 and 65 and over.
A patronage allocation is a value returned to a member of Fusion Credit Union based on their relationship. The amount of each member is different, as it represents a portion of their interest paid and earned last 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.