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DETROIT – As some members face layoffs in 2006, Public Service Credit Union is hoping its year-end dividend will offer some relief. The $85 million CU joins with a number of other credit unions that have issued year-dividends to its members. Public Service CU issued a $310,000 dividend on Dec. 19. The credit union’s “record high earnings” this year allowed its members to share in some of the wealth, said Dean Trudeau, president/CEO. “The local economic news hasn’t been particularly heartening, and several of our members are facing layoffs,” Trudeau said. “Hopefully, some of these rebates are going to the people who can use them most.” Trudeau said when the CU looked at its financial figures for the year, its board of directors “agreed that we should give money back to our members.” Some members of PSCU are employees of Detroit-based General Motors Corp., which recently announced it will have to lay off employees and close several of its facilities. PSCU serves more than 17,700 members.

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