Fusion Credit Union Shares With Members In A Big Way
April 17, 2025
As a member-owned financial institution, Fusion believes that success should be shared. At the Annual General Meeting held last evening via webcast conference, Fusion 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.”
A patronage allocation is a value returned to a member of Fusion Credit Union based on their relationship with the credit union. The patronage amount is a portion of interest paid and earned during the past year and varies from member to member. All patronage allocations are retained in a Surplus Share account and select member groups receive cash payouts.
The credit union is returning value directly to those who make our communities strong. “From family farms to small businesses to individual households, every dollar reinvested back to our members helps to strengthen our communities,” says Johns. “The return is our way of saying thank you for trusting us with your financial journey.”
This year an estimated $468,000 will be paid out in cash to members 65 years of age and older and those under age 19, as well as members who hold over $15,000 in surplus shares. A new addition this year is a cash distribution of over $82,000 to non-profit or charitable organizations. All eligible members will receive their pay-outs in May, while patronage allocations will appear on member statements in April 2025. Over the past seven years, Fusion Credit Union has rewarded members with over $10.9 million in patronage allocations and cash pay-outs.
“Our success is built on strong relationships, and this $1.26 million return is just one of the many ways we can show our appreciation to our members,” says Johns. “We care about our communities and the people who live in them. When we succeed, we all succeed together.”