If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

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?

30-06-2012 11:42am

#1

chinwag

Registered Users, Registered Users 2 Posts: 428 ✭✭

Join Date: July 2011

Posts: 416

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?

0

Comments

#2 30-06-2012 11:48am

chris85

Registered Users, Registered Users 2 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.

0
#3 01-07-2012 9:21am

badgerbroc11

Registered Users, Registered Users 2 Posts: 141 ✭✭

Join Date: November 2011

Posts: 140

I'm in two credit unions and both paid dividends

0
#4 02-07-2012 3:15pm

5t1mes

Registered Users, Registered Users 2 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.

0
#5 02-07-2012 9:29pm

irishgeo

Registered Users, Registered Users 2 Posts: 9,604 ✭✭✭

Join Date: March 2001

Posts: 8985

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

0
#6 02-07-2012 11:04pm

hairyprincess

Registered Users, Registered Users 2 Posts: 2,299 ✭✭✭

Join Date: April 2009

Posts: 2134

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

0
Advertisement