6-552. Dividends


A. After provision for the required reserves, the board of directors may declare
dividends to be paid on share accounts from the undivided earnings.


B. A credit union may pay dividends at various rates with due regard to the
conditions that pertain to each type of share account, such as minimum balance, notice
and time requirements. A credit union may, but is not required to, pay a dividend on
membership shares.