Equity is the profits we earn that help keep our credit union strong. As an owner member of Innovation, you earn a portion of our profits. And as a thank you for letting us hold onto your equity portion, we pay cash dividends.
We build equity to serve you better:
We ensure your credit union is sound and stable.
A dividend is a payment to our owners, like you. It’s a portion of our profits that we share with you that you can save or spend. Our Board approves payment based on how our credit union is performing.
Your payments are based on:
1. Loan interest you’ve paid PLUS
2. Deposit interest you’ve earned
You’ll earn equity on:
So, the more equity you have, the more cash you’ll earn!
We also pay $5 cash every 3 months to youth ages 18 and under.
You can withdraw your cash dividends anytime you like. Simply transfer the available cash balance from your Member Rewards account to any account you like. You can also contact us to set up an automatic transfer for you.
You can also withdraw from the equity portion when: