Alliant Hikes Savings Dividend to 3.03%
CHICAGO-Alliant Credit Union claimed a record mark for first quarter dividend rates with a compounded annual percentage yield of 3.03%. In boosting the rate to 3.00%, the Chicago CU said it now offers the highest among the nation's top 12 largest CUs whose collective dividend average was 1.38% as of March 9. The nearest competitor to Alliant was American Airlines Employees Credit Union of Dallas whose dividend rate is 2.53% APY. "Strong financial performance brought on by Alliant members, combined with business partnerships and high member satisfaction" accounted for the dividend hike, said Alliant. David Mooney, president and CEO, said the Chicago CU "is in the top one percent of all credit unions nationally in give-back-to-members through savings returns, average savings dividend rate and operational efficiency."