Credit union savers due a dividend

Diane Butler promoting Swan Credit Union last year at Play Around the Parishes in Chandos Park
Diane Butler promoting Swan Credit Union last year at Play Around the Parishes in Chandos Park

Savers with a credit union can expect to receive their first ever dividend this year.

At its meeting next Thursday, the board of the Swan Credit Union is due to recommend paying a dividend to savers for the first time in its eight years of operation.

The Swan Credit Union is a financial co-operative operating in Aylesbury Vale, Milton Keynes and Thame.

It has seen a big increase in membership, savings and loans during the past year.

And this means it is now earning enough income to pay the proposed dividend.

If board members agree the proposal, members will receive a dividend representing one per cent of their average savings balance during the last year (October 2013 to September 2014).

Find out more about Swan Credit Union at www.swancreditunion.org.uk