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credit union dividends

chinwag · 2012-06-30 11:42:22

Only found out recently that my local CU has not paid any dividend for last year. Does anyone know if this is the case for other or most CUs for last year?

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30-06-2012 12:42pm

#1

chinwag

Registered Users Posts: 427 ✭✭

Join Date: July 2011

Posts: 415

Only found out recently that my local CU has not paid any dividend for last year. Does anyone know if this is the case for other or most CUs for last year?

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#2 30-06-2012 12:48pm
chris85

Registered Users Posts: 4,502 ✭✭✭

Join Date: June 2006

Posts: 4193

Yes as far as I know most havent. They are struggling to meet capital requirements as well as recapturing losses on their loan books.

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#3 01-07-2012 10:21am
badgerbroc11

Registered Users Posts: 141 ✭✭

Join Date: November 2011

Posts: 140

I'm in two credit unions and both paid dividends

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#4 02-07-2012 4:15pm
5t1mes

Registered Users Posts: 11 ✭

Join Date: June 2007

Posts: 6

I think most are still paying some kind of dividend but it is often very small, have heard before that the regulator has limited the maximum dividend in a lot of credit unions to .25% if they didn't meet reserves requirments.

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#5 02-07-2012 10:29pm
irishgeo

Registered Users Posts: 9,452 ✭✭✭

Join Date: March 2001

Posts: 8840

i only realised your supposed to pay DIRT on dividends, i thought the CU took that out themselves.

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#6 03-07-2012 12:04am
hairyprincess

Registered Users Posts: 2,294 ✭✭✭

Join Date: April 2009

Posts: 2129

For the last two years my credit union have paid out a 1% dividend.

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