By Tyler Sutherland
Crosstown Civic Credit Union, 1250 Portage Avenue (GOOGLE STREET VIEW)
WINNIPEG — Members of Crosstown Civic Credit Union are noticing a little something extra in their accounts.
The credit union has returned $3.2 million to its members in the form of surplus shares.
The surplus reflects 3.5 percent in patronage allocations, based on a member’s loan interest paid and non-registered deposit interest received; plus 2.75 percent on existing surplus shares owned by the member.
The board also declared a 20 percent cash redemption of existing surplus shares, which totalled $3.4 million.
Since 1992, CCCU has returned more than $58 million in equity to its members, with nearly $38 million paid in cash.
