The Basics of Bonus Shares
Our Class "A" Bonus Share program is based on the concept of sharing profits with our members and is what truly sets us apart from other financial institutions. Since 1998, DUCA has paid most of its profits back to its members in the form of Bonus Shares. Members receive Shares based on the interest they pay into the credit union or receive during the previous calendar year. The Bonus Share program increases the value of membership at DUCA where it counts - in your pocket. Less interest paid, more interest earned means more value from DUCA Financial Services.
Earning Shares at DUCA is easy. Simply conduct your regular banking by taking advantage of DUCA's competitive rates on deposits, loans and mortgages. Then watch your Shares grow in January of each year. Simply put, they are a reward for doing business with DUCA.
The DUCA Advantage!
Combining Our Profit-Sharing - Class "A" Bonus Shares with Competitive Rates
When you combine the Bonus Share program with DUCA's competitive interest rates you will discover the DUCA Advantage. The example below illustrates how you could benefit with a DUCA Mortgage for $100,000 with a 5 year term at 3.09% APR and a 25 year amortization*:
| Total potential interest saved over the 5 year term | $10,023 |
| Total potential Bonus Shares earned | $595 |
|
Total DUCA Advantage
|
$10,618 |
* For illustrative purposes only, assuming an 4% Patronage Allocation and a 2% Share Dividend. Actual Bonus Share numbers are reviewed annually based on DUCA's annual profitability and approval by the Board of Directors. Interest saved reflects the difference between DUCA posted rates and other Financial Institution rates posted over the 5 year term illustrated and as reported on Cannex on 01/02/2013. Visit your nearest DUCA Branch to determine your potential DUCA Advantage.