Member dividends
What are they?
Member dividends1 are an amount decided on at the annual general meeting and paid to members of a Desjardins caisse at the end of the fiscal year. The money comes from the caisse's surplus earnings and is "returned" to the member-owners.
Why pay member dividends? As a financial services cooperative, the caisse is guided by cooperative principles, illustrated by the sharing of surplus earnings.
The member dividends you receive is proportional to your volume of business with the caisse during the year. In other words, the more products and services you use, the more you get paid!
Products and services that earn member dividends
Member dividends are calculated on mortgages, personal loans, term savings deposits and deferred tax savings plans. And, Desjardins Funds are included as well, if caisse members so decide at the Annual General Meeting.
Who decides whether or not your caisse pays member dividends? You and your fellow caisse members do, at the Annual General Meeting of your caisse. Take part in caisse decisions
Dividend conditions
Who is entitled?
Two types of member dividends
Surplus shares
1. In accordance with provincial legislation, certain conditions regarding member dividends may differ in Ontario. Please contact your caisse for further information.
