Ok, that last post went a wee bit wrong. Here is the full one.
Hi folks,
I have a credit union account and am trying (and failing) to understand the financial report compiled by the credit union. On the very last page of the report (re: Dividends Payable), it says: "The directors recommend the following distribution:
Rate Current Year (€)
Dividend on Shares: 1.5% 84,163
Can I interpret the 1.5% as you would the AER on a deposit account?
If so, there doesn't seem to be much point in keeping my money in this account?
Or is it a good idea to keep a certain amount of money in the account as credit unions are better for loans?
Thanks,
Cathy