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Dividend Rates


As a not for profit organisation, we share a percentage of our profits with our members. This is known as a dividend. Credit unions keep their money within a community of credit union members because we do not need to pay profits to external shareholders. The remaining profits are re-invested in the business to provide a better service to our members.

Given the current economic climate, we offer a competitive return on an instant access savings account. You may wish to consider saving with LPCU on the basis of us being an ethical and local alternative when compared to banks, building societies and other financial providers.

Here are the dividends we have paid to our adult and young saver members over the past three years:

Year Ending Share Account Dividend Young Savers Dividend
30/9/18 0.5% 1.25%
30/9/17 0.25% 1.25%
30/9/16 0.5% 1.5%
30/9/15 0.5% 1.5%
30/9/14 0.5% 1.5%
30/9/13 1% 2%

Dividend rates may vary and past rates should not be considered as a guide to future rates. Declaration of a Dividend and its level by Lewisham Plus Credit Union will depend on a number of factors including its cost base, cost of capital and market conditions.

Members are reminded that the dividend is paid gross & any tax responsibility lies with you, the member. Please visit the following link https://www.gov.uk/tax-on-dividends for information on tax return self assessment.

The credit union is required to report all dividends paid above a threshold, currently set at £250, in an annual report to HMRC.


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Lewisham Plus Credit Union Limited is a member of the Financial Services Compensation Scheme (FSCS), complies with the Data Protection Act 1998 and is Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Firm reference number 213588. Credit Union Registration Number 295C (IP00295C at Companies House).

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