Loan Interest Refunds & Share Dividends

CASHBACK PAID TO MEMBERS

Each year, if a surplus is made, we issue loan interest refunds to members with loans and dividends on savings to members who have savings.

Dividends and loan interest rebates paid by St. Canice’s Credit Union in recent years are as follows;

YEAR ENDDIVIDENDLOAN INTEREST REBATES
30th September
2019
0.1%20% interest rebate for loans with rates rates up to 5% (nominal rate)
10% interest rebate for loans with rates over 5% (nominal rate)
30th September
2018
0.6%25% interest rebate for loans with rates over 5% (nominal rate)
10% interest rebate for loans with rates up to 5% (nominal rate)
30th September
2017
0.5%25% interest rebate for loans with interest rates greater than 5% (nominal interest rate)
5% interest rebate for loans with interest rates greater than 5% (nominal interest rate)
30th September
2016
0.5%30% rebate on all loans where the loan interest rate charged is greater than 6.5% (6.7% APR variable).
20% rebate on all loans where the loan interest rate charged is 6.5% (6.75% APR variable) or lower.

 

While it is important to note that this is not an indicator of future performance and there is no guarantee that a loan interest rebate or share dividend will be paid in future years, we work hard to make a surplus for members.