Dividends
Effective 1 July 2018, a tiered dividend schedule will be in effect as per the following:
| Share Balance | $25.00-$499.00 |
$500.00-$4,999.00 |
$5,000.00-$24,999.00 |
$25,000.00-$49,999.00 |
$50,000.00 & over |
| Dividend |
0.10% |
0.10% |
0.10% |
0.10% |
0.10% |
In response to the recession caused by pandemic of Covid 19, the Board has adjusted the dividend rate beginning 7/1/2020. The rate will be reevaluated as the economy continues to rebound. The dividend rate paid is 0.10% for all share accounts.