As a member-owned financial institution, Fusion believes that success should be shared. That's why, we've announced a $1.26 million return to members in the form of patronage allocations and cash pay-outs to select members. The $1.26 million in total returns for 2025, based on 2024 results, includes a patronage allocation of $800,000, plus an estimated $468,000 in cash payouts to select members. “Our members are at the heart of everything we do,” states Darwin Johns, Chief Executive Officer at Fusion Credit Union. “This return is more than just numbers – it’s a reflection of our commitment to helping our members and our communities thrive.”
To all the incredible organizations tirelessly working to improve our communities, we want you to know that your efforts do not go unnoticed. Your dedication to creating positive change and supporting those in need is truly inspiring.
We are thrilled to announce a cash pay-out of $74,000 to non-profits and charitable organizations in 2025! This pay-out provides access to funds so you can continue your vital work in our communities. This financial support is a testament to the value of your contributions and a commitment to empowering you to make an even greater impact. Thank you for your unwavering commitment and for being a beacon of hope and progress in our world.
FAQ's
Patronage is a dividend refund that a credit union distributes to its members as a share of it’s profits. Unlike a regular stock dividend, a patronage dividend is not a return on investment. Instead, it represents a rebate on the member’s purchases from the credit union during the previous fiscal year.
Over the past 7 years, Fusion Credit Union has rewarded members with over $10.9 million in patronage allocations and cash pay-outs. Each year, the profits of a credit union are invested back into the credit union or, if declared by the board of directors, are paid out to members in the form of patronage, cash-payouts or dividends.
Credit Unions are a type of co-operative financial institution that are owned and operated by the people (called members) who use their services. When you bank with a credit union, you are a member and an owner, not just a number. Opening an account with a credit union, such as Fusion, requires the purchase of a membership. As a member, you have a say in how the credit union is operated.
At a credit union, the board of directors is elected by members and each member has one vote. It doesn't matter how much money you have invested in the credit union - all members have an equal say. In contrast, most banks operate as a publicly traded company and the board of directors are nominated and elected by shareholders. These shareholders usually hold one vote for each share they own, meaning larger shareholders have more control over the bank. At a credit union, the shareholders are the members.
There are so many! Besides sharing in the profits and having a say in how we operate, members benefit from our mission of improving the financial well-being of our members and investing in our communities. Last year we held 19 financial wellness presentations for members and awarded over $200,000 in community sponsorships and donations. These are just a few perks to being a Fusion member.
The profits of a credit unions are invested in member benefits such as enhanced services, higher interest rates on savings and lower interest rates on loans. Dedicated to their success, credit unions treat all members with the same consideration and respect regardless of where they live, how they earn a living or how much money they have in the credit union.
Credit unions put the communities in which they serve at the center of every policy and every decision. In the true spirit of co-operation, money that members have on deposit with their credit union is lent out to other members, adding to the growth of local communities by being invested in businesses and the local economy. In addition, as a community supporter, credit unions contribute to local non-profits and organizations in the form of grants and donations.
All members of a cooperative share in the profits that are made each year by the credit union. The profits of a credit union are invested back into the credit union or, if declared by the board of directors, are paid out to members in the form of patronage, cash-payouts or dividends.
Every penny that members deposit into an account at a credit union is guaranteed without limit by the Deposit Guarantee Corporation of Manitoba. Since Manitoba's first credit union opened in 1937, no member has ever lost any deposit or interest earned at the contracted or posted rate on a deposit.
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