February 8th

Sunrise Credit Union Pays Dividends on 2015 Preferred Shares

Brandon, Manitoba – Sunrise Credit Union today announced plans to pay dividends to Members holding Sunrise Preferred Shares in their investment portfolio as of December 31, 2015. The rate of return is 4% and the dividends will be deposited directly into Member Accounts in February 2016.

“Offering Preferred Shares to our members gives them the opportunity to invest right at home in their own communities,” says Tim Klassen, Executive VP & A/CEO. “We’ve paid interest dividends that historically are higher than our standard GIC rates”.

Since it first began issuing Preferred Shares in 2012, Sunrise Credit Union paid out dividends amounting to over $711,000 and at competitive rates between 4.0 – 5.0%.

These Preferred Shares were offered to Sunrise members as an investment option to help the Credit Union grow. “The more we grow, the more we’re able to give back,” Klassen says.

About Sunrise Credit Union:

Sunrise Credit Union was formed in 2008 through the strategic merger of its five legacy Credit Unions- respectively, Virden (est. 1940), Turtle Mountain (est. 1940), Hartney (est. 1942), Tiger Hills (est. 1943) and Cypress River (est. 1960).

As a financial institution owned by the people it serves, Sunrise Credit Union is part of a movement that works for the betterment of its members and communities.

Since forming, Sunrise has contributed over $1 million towards student scholarships, community events, service organizations, etc. within the communities served by its fourteen branches.

For more information, please visit sunrisecu.mb.ca

Media Inquiries:

Terri Roulette McCartney
Marketing Manager
Sunrise Credit Union
Direct Telephone: 204.726.3659
tmccartney@sunrisecu.mb.ca
www.sunrisecu.mb.ca
 

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