Search
 

TTCU Members Enjoy $1.77 Million Bonus

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...

By Staff Writer | Updated on February 11, 2003

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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.