The $169 million Ukrainian Federal Credit Union in Rochester, N.Y., said Monday it has paid a total of $500,000 in a special dividend bonus to 15,000 eligible members in celebration of its 60th anniversiary.
“The anniversary dividend is our way of thanking our members for their support over the years. Our members are the owners of the credit union, and we are proud to return our earning s to them,” said Oleg Lebedko, CEO of the 18,000 Ukrainian FCU.
Individual payments were based on total loan and savings relationships and were deposited on Oct. 24, after the credit union held its anniversary banquet on Oct. 19, Ukrainian FCU said in its announcement.
Ukrainian FCU was founded in 1953 and now has seven branches nationwide.