The more than 44,000 members of Hanscom Federal Credit Union recently received their share of a nearly $730,000 dividend.
The award total represents a 2.5% bonus on dividends earned and consumer loan finance charges paid over the year, according to the $850 million Hanscom based at Hanscom Air Force Base, Mass.
This is the 14th year Hanscom said it has paid dividends on member earnings and consumer loan interest payments. Since 1996, the credit union has returned more than $6.7 million to its members.
"Where other financial institutions have chosen a path of self-interest, our focus has always been on protecting our members' interests," said Paul Marotta, Hanscom board chairman. "We have a lot of thanks to hand out for a great 2010, and as always our members are the only place to start."