MCU Sustainable Banking :: Credit Union Announces Dividend

Credit Union Announces Dividend

December 2009

Maleny Credit Union (MCU) has announced an interim dividend rate of 5.0% (fully franked) to its Member Investment Shareholders. The dividends will be paid on December 19 2009 and will be fully franked

In December 2005 MCU offered 1 Million Member Investor Shares and closed its share offer over subscribed.

MCU Chief Executive Officer, Greg Stevens, said the "MCU Member Investment Shares are an innovative capital instrument and they provide members the opportunity to receive attractive yields and franked dividends on a twice-yearly basis without compromising the mutual status of the Credit Union".

The next MCU dividend payment is scheduled for 20 June 2010.