The $296 million GCS Federal Credit Union of Granite City, Ill., has paid a bonus dividend to members with share accounts for the first time since 2008, the credit union announced.
GCS FCU awarded share account holders with a bonus dividend of .25% in addition to the current share rate, bringing the year-to-date amount of dividends paid by the CU to more than $2.5 million.
Members received their bonus dividend deposits in November. The CU said it chose to pay the dividend prior to Christmas to thank members for their loyalty throughout the year.
“GCS remains a strong financial institution through this troubled economy and the board of directors would like to express their appreciation by giving back to our membership,” GCS FCU President/CEO Mark Holshouser said.
GCS FCU serves more than 38,000 members in Madison and most of St. Clair counties in Illinois.
