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Dividend Policy

Dividend Policy

  1. Dividend/Interest Process
    Dividend on shares and interest on deposits (rebates) shall be determined by the Management, approved and declared by the Board of director’s subject to confirmation by the Annual Delegates Meeting.

  2. Dormant Accounts
    Any member who has been dormant for the past 1 year shall not qualify for rebates on deposits but earn dividends on shares only.

  3. Loan Defaulters
    Dividends/interest on deposit shall be used to offset defaulted loans.

  4. Unclaimed dividends/Rebates on deposits

    All unclaimed dividends and rebates on deposits more than one financial year shall be capitalized on the member’s shares or deposits.

    Any unclaimed dividends/interest on deposits for more than five years will be forwarded to the Unclaimed Assets Authority.