Demonstrating the CU Difference
Bonus dividend payouts are a true differentiator for credit unions as they compete against banks, and in a year when big banks made headlines for proposing unwanted fees, year-end member cash rewards carry even more weight for CUs looking to stand out in the marketplace.
This year, some credit unions made their biggest bonus dividend payouts in history, and many completed their payouts early in order to help stimulate local economies during the holiday shopping season.
The following credit unions also made bonus dividend payout announcements for 2011.
Wright-Patt Credit Union of Fairborn, Ohio will pay a $5 million Special Patronage Dividend on Jan. 4 to more than 210,000 of its members. The $2 billion CU said the $5 million dividend is a $1 million increase from its payout last year and will bring its total dividend payout since 2008 to more than $16 million. Eligible members will receive anywhere from $15 for their use of an active debit card, online banking or mobile banking and e-statements, to a several hundred dollar dividend, depending on their level of relationship with the credit union.