Shares is another term for savings. Because the Credit Union is a co-operative, every member shares the ownership of the organisation.

Every £1 in your savings account, represents £1 of shares. If you had £1,000 of savings / shares and the all the shares / savings in the business were worth £100,000, you’d own 1% of the Credit Union (£1,000 divided by £100,000 = 1%).

These shares can be withdrawn, you don’t sell them on a stock exchange. Think of them** just like savings, with the added bonus that they give you part ownership of your Credit Union and a say in the way it is run.

Importantly, they also entitle you to a dividend. This is a share of our profits based on how much you have in your account. Read more about dividends.
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