Delta Community CU Shares $5 Million Patronage Reward
ATLANTA -- Members of Delta Community Credit Union were recently rewarded for their loyalty through a $5 million dividend.
Under its Patronage Reward, members who maintained positive balances in checking, savings, money market and individual retirement accounts received a bonus equal to 4.50% of the total dividends they earned on those accounts during 2008. Borrowers in "good standing" received a rebate equal to 2.50% of the interest they paid on their loans during the same period. The dividend was deposited in members' account on Jan. 1.
Rick Foley, president/CEO of the $2.5 billion Delta Community CU, said the dividend and rebates were one of many ways the CU back to its members in 2008. The financial institution opened six new branches and introduced several new products, including its StandingStrong certificate of deposit.
The CU also awarded three scholarships to high school seniors, honored ten young "Hometown Heroes" for their contributions to the community and gave more than $200,000 to the Children's Miracle Network.