Nine more credit unions have announced fourth-quarter bonus dividends, rewarding members with $39.6 million in dividends, or $51 per member.
Last month, CU Times reported on six credit unions that announced $18.1 million in annual dividends, or an extra $19 for each of their 957,192 members. With the additonal nine, the season's dividends now total $58.1 million, or $33 per member for each of the 1.7 million members.
Dow Chemical Employees' Credit Union, Midland, Mich. ($1.6 billion in assets, 59,611 members) announced the largest new dividend: $17.6 million being given back to eligible members on Jan. 1, in keeping with its long tradition of large bonuses.
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