Since Leading Edge Credit Union and Eagle River Credit Union merged at the start of 2022, our credit union has grown stronger together. Atlantic Edge Credit Union is proud to provide dividends and patronage rebates to members of both former credit unions.  

We are pleased to announce that dividend and patronage rebates to our members for the 2023 fiscal year have been posted to members’ accounts. Dividends and patronage rebates were calculated as follows: 

• Patronage Rates: 

• 2.50% interest paid on loans and mortgages and LSM mortgages.
• 2.50% interest received on registered deposits (RRSPs, RRIFs, TFSAs).
• 2.50% interest received on non-registered deposits (terms, savings, chequing, PCAs).
• 1.00% on Non-Equity Shares (Type 09). 

• Dividends: 

• 5.00% on Class 2 Shares. 

• 10.00% on Equity Shares (capped at $10.00, with $0.50 on balances up to $5.00 and $10.00 on balances above $5.00). 

The payment of dividends and patronage rebates is a form of profit-sharing unique to co-operatives like credit unions. The more business you do with your credit union, the more you see returned! 

Dividend and patronage rebates to our members for the 2022 and 2023 fiscal years totaled approximately $800,000!