UFA shares annual profits with members. As your co-operative we are committed to your business and creating value for our members. UFA members who have purchased a $5 member share are eligible to earn a patronage dividend based on their purchases. BECOME A MEMBER SEE MORE BENEFITS In 2018 UFA paid $14M in patronage. FAQs Find your member equity and patronage related answers here. What is a patronage dividend? Members share UFA earnings. At the annual general meeting, the board of directors and member-elected delegates may declare a patronage dividend. Dividends are paid based on member purchases in the previous year. Who can earn patronage from UFA? UFA members who have purchased a $5 lifetime member share are eligible to earn a patronage dividend based on their purchases from the prior year. How and when is a patronage dividend paid? After a patronage dividend is declared, cheques are issued in April. Members who receive a cheque also get a Statement of Equity detailing their total equity in the co-operative. 40 per cent of patronage dividends will be paid to members in cash. The rest will be issued as member share equity. Member share equity represents your ownership in the co-operative. UFA uses your equity to finance the business. The federal government still requires that we withhold taxes equal to 15 per cent of the patronage dividends over $100 earned in a year. Your Statement of Equity and your Patronage Dividend Statement are available online through myUFA. What are member shares? These shares form the semi-permanent capital of the association. With a minimum $5 share and meeting a few other criteria, the member is granted voting privileges. This is also the portion of the member’s total equity which holds their residual value in UFA. What are investment shares? These shares represent the callable portion of a member’s total equity. A quarterly investment share dividend is allocated and paid at the bank prime rate less 0.5%. When can member shares be withdrawn? Members can withdraw member share equity when they meet one of the following criteria: Moving out of UFA’s trading area; Reaching age 70; The farm or ranch corporate principals all reach the age of 70; Bankruptcy, corporate dissolution; or Upon death, the equity is then paid to the member’s estate. Does UFA have self-serve and inquiry options? Members can access and manage all of their account information and access forms online. Visit UFA.com, tap Sign in > select myUFA > sign in or register for online benefits including: Email notification when your statement is ready; View account balances and payment history; View and print detailed purchase reports, invoices and statements; View your Statement of Equity, Patronage Dividend Statement and investments; Link multiple accounts and share account information; and Update your account details and contact info How do I request withdrawal of member/investment share equity? The forms to withdraw equity are available below and online at myUFA. Members can email firstname.lastname@example.org or call UFA’s customer support team at 1-877-258-4500 and select option 1 to request a withdrawal and get questions answered. Member Equity Forms Partial Equity and or Investment Share Redemption Full withdrawal of Equity & Termination of Membership Name Change or Transfer of Equity If you still have questions, please email us at email@example.com or call the customer support team at 1-877-258-4500 and select option 1.