Media Release
Credit Union Announces Dividend
18th May 2011
MCU Ltd increased its net profit for the half year ended 31 December 2010 by 17.72% compared to 31 December 2009.
On the 18th May 2011, MCU Ltd announced an interim dividend rate of 5.15% (fully franked) on its Member Investment Shareholders. The dividends will be paid on 20 June 2011 and will be fully franked.
MCU Chief Executive Officer, Greg Stevens, said the "MCU Member Investment Shares are an innovative capital instrument and they provide members the opportunity to receive attractive yields and franked dividends on a twice-yearly basis without compromising the mutual status of the Credit Union".
The next MCU dividend payment is scheduled for 20 December 2011.
For more details on MCU Limited half yearly performance for 31 December 2010, refer to MCU’s website page, www.mcusb.com.au/about-mcu/governance/reports/
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