DULUTH, Ga. – Georgia Central's Board has voted to award a $300,000 patronage dividend to its member credit unions. The corporate expects to surpass its capital plan goals and wrap up 2005 with excess earnings. "Although we strive to pay out as much as possible throughout the year in the form of competitive rates, circumstances occasionally result in excess earnings for the year," said Georgia Central's President/CEO, Greg Moore. He explained that in 2005, higher than expected balances and unplanned investment gains are driving the surplus.
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