Profit Share Distributions
Profit sharing is just one of the many ways Libro gives back to Members and communities. By deepening partnerships, enhancing our financial coaching, and staying true to our commitment to Members, we continue to create long-term value. Our dedication to the communities we serve remains a cornerstone of our approach—strengthening financial well-being for all.
Every adult Libro Member holds the required amount of Class M Shares (ownership shares). You will see your membership shares and profit shares on your statement or online banking under Investments. These shares remain with Libro as long as you’re a Member.
Libro Credit Union pays profit shares to Members based on the profitability of the credit union and the volume of business you hold during the previous fiscal year. Profit sharing is not guaranteed, and the program is subject to review from time to time.
Here is a sample of profit share distributions in the past few years:
| Year | Profit Share |
|---|---|
| 2025 | $0.40 |
| 2024 | $0.36 |
| 2023 | $0.20 |
| 2022 | $1.00 |
| 2021 | $1.00 |
| 2022 | $1.00 |
| 2021 | $1.00 |
| 2020 | $0.30 |
| 2019 | $1.32 |
| 2018 | $1.00 |
What Can You Earn
In 2025, a member with $100,000 in average deposits and loans earned $40 in profit shares. In total Libro paid out $5.8 million in profit shares and dividends for 2025. There is a $5 minimum payout on profit shares. They are paid annually based on your average balance of the previous fiscal year; so if you’re new to Libro you may not see profit shares the first year you’re a Member.
Contact your Libro Coach if you have questions about profit sharing.
Investing & Redeeming
Profit shares can be held in your Registered Retirement Savings Plan (RRSP) once you reach a balance of $500.
A holder of eligible Class P Shares may only request the credit union to redeem Class P Shares which have been issued and outstanding for at least five (5) years as at the time of such request. The maximum redemptions in any fiscal year cannot exceed 10% of Class P Shares issued and outstanding at the end of the preceding calendar year. This is subject to Board approval and Applicable Law.
Share Redemption Requests for all the eligible Class P Shares held by a holder may be made:
- At any time on or after the holder reaches the age of 65 years; or
- Upon termination of their membership in the Credit Union; or
- At any time after the death of the holder.