TULSA, Okla. -Tulsa Teachers Credit Union members have a lot to celebrate since the credit union has awarded them a $1.77 million bonus dividend. "I am often asked what is the difference in a credit union and any other type of financial institution," said TTCU CEO Leslie W. Rector. "The number one answer is that a credit union is operated for the benefit of the members because we are a member-owned co-op. We all enjoy the benefits of our membership in TTCU and we all share in the responsibility for the credit union's financial strength. Simply put, our financial performance in 2002 exceeded our capital needs and we are therefore able to reward our members." To receive a share of the dividend a member must have received at least $50 in interest during 2002 for deposits and/or paid at least $145 in interest in 2002 for loans. TTCU serves over 70,000 members.