NBTA Credit Union Surplus Shares Account is the account into which patronage rebates are deposited. Each eligible member accumulates up to a total of eight hundred ($800) dollars. Any monies above the $800 are available for withdrawal by the member.

Patronage rebates are based on the interest paid on personal loans and interest earned on savings accounts and term deposits. It is calculated by taking the total interest paid for the fiscal year and multiplying it by a the patronage rebate rate approved at the Annual General Meeting (eg. 18%, 16.5%). The rebate earned is deposited to the surplus shares account (08) usually a day or two after the Annual General Meeting. The amounts for loans and deposits are entered separately. The more business you do with the Credit Union the more patronage rebate you will receive.