Fusion Credit Union is returning $500,000 in patronage allocation to its members, nine months after the official amalgamation of Vanguard and Catalyst Credit Unions.
The credit union held its annual general meeting in Hamiota on Thursday.
"Fusion’s amalgamation has been successful, which translates directly into member benefits,"
CEO Ron Hedley said in a news release Friday.
"From the beginning, we had strong support and buy-in from the staff, who created new teams that came together well and quickly, which in turn has delivered results that have exceeded our expectations."
Fusion reported asset growth at 4.66 per cent, with a net income in nine months of more than $4 million and preferred dividend rate of 4.25 per cent.
As well, it has contributed almost $180,000 to projects and community organizations through donations, sponsorships and scholarships.