Kindred Shares $1.49 Million with Members

Profit Shares program continues to reward member loyalty.

Kitchener, ON – Kindred Credit Union is pleased to announce that it recently shared $1.49 million from its 2023 earnings with members! Each year Kindred allocates a significant portion of its annual earnings to return to members through its Profit Shares program. In fact, over the last 10 years Kindred has shared over $13 million with members.

As a values-centred, faith-inspired financial cooperative, we’re called to manage the funds entrusted to us with integrity as we walk with our members on their journey to be good stewards of their finances. For Kindred, stewardship also means choosing to give back to our members and the communities in which we live and work.

The Profit Shares calculation considers members’ deposit and loan business with the credit union. All members receive a minimum of $5 in Profit Shares each year, and many receive much more. “For six decades, we’ve been blessed to have thousands of Ontarians choose to bank with us, entrust us with their money, and select us to help steward their personal and business finances,” notes John Klassen, Kindred’s Interim Chief Executive Officer. “We believe that sharing our success is the right thing to do. It’s part of who we are and how we live out our values.”

As a financial cooperative, who we are has remained steadfast since 1964. As our marketplace has changed, we have adapted and we continue to adapt, with our credit union in a strong and stable financial position. Kindred’s Board of Directors approved the 2023 Profit Shares amount based on very positive financial results.

We exist to provide cooperative banking that connects values and faith with finances, inspiring peaceful, just, and prosperous communities. Kindred thanks its faithful members for their support and business. As we partner with members who want to align their financial choices with the purpose and values we share, together we cultivate the ground for thriving communities.

Learn more about Kindred’s Profit Shares program.

About Kindred Credit Union
Kindred Credit Union is a member-owned financial cooperative based in southwestern Ontario. Kindred’s values-centred approach is woven into everything we do and makes us the one-of-a-kind choice for those who want to connect their values and faith with their finances. Kindred offers a complete range of banking, borrowing, and investing products and services through eight branches and online. Members benefit from access to over 43,000 surcharge-free ATMs through THE EXCHANGE® Network in Canada and the Allpoint Network in the US.

Media Contact
Frank Chisholm
Director, Brand and Marketing
Kindred Credit Union
519.746.1010, Ext. 5211
frank.chisholm@kindredcu.com