Loan Interest Rebates and Share Dividends
Cashback paid to Members
Each year, if a surplus is made, we may issue loan interest rebates 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 Ended 30th September 2021
No dividend or loan interest rebate paid to members.
Year Ended 30th September 2020
No dividend or loan interest refund paid to members.
Year Ended 30th September 2019
Dividend: 0.1%
Loan Interest Rebate: 20% interest rebate for loans with rates rates up to 5% (nominal rate) and 10% interest rebate for loans with rates over 5% (nominal rate).
Year Ended 30th September 2018
Dividend: 0.6%
Loan Interest Rebate: 25% interest rebate for loans with rates over 5% (nominal rate) and 10% interest rebate for loans with rates up to 5% (nominal rate).
Year Ended 30th September 2017
Dividend: 0.5%
Loan Interest Rebate: 25% interest rebate for loans with interest rates greater than 5% (nominal interest rate) and 5% interest rebate for loans with interest rates greater than 5% (nominal interest rate).
Year Ended 30th September 2016
Dividend: 0.5%
Loan Interest Rebate: 30% rebate on all loans where the loan interest rate charged is greater than 6.5% (6.7% APR variable) and 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.
