ATLANTA — Credit unions continued their tradition of rewarding members with all sorts of bonuses and dividends.
Clark County Credit Union dished out a record $12.4 million to its members while members of Arizona Federal Credit Union received a $2.7 million dividend deposit. American Airlines Federal Credit Union issued a $5 million dividend. Down in Florida, Gulf Winds Federal Credit Union thanked its members with a $1 million dividend as did Hawaii State Federal Credit Union did with a $2 million bonus.
Cornerstone Community FCU returned $141,000. Fort Community Credit Union shared its $1.1 million dividend with members and organizations in the community such as local schools, hospital building funds and libraries.
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Arizona FCU was in the dividend spotlight again when it recently announced that its members would soon get their share of an astounding $10 million dividend. The news was so big that NCUA Vice Chairman Rodney Hood was asked to help share the good news at a Dec. 15 media briefing.
Meanwhile, the dividends kept pouring in at the end of the year with the Pennsylvania State Employees Credit Union leading the charge. PSECU announced a nearly-$7.5 million special dividend in December. Lancaster, S.C.-based Founders Federal Credit Union returned $6 million to is members in the form of a bonus dividend–the largest dividend in the FCU's history.
Other credit unions followed suit including Dort FCU issuing $1 million, Goldenwest CU doling out $575,000 to members and GPO FCU thanking its members with $345,000. Superior Community CU issued $230,000, Northeast Arkansas FCU gave $52,000, NODA FCU rewarded its members with a 7.5% interest rebate and 7.5% bonus share dividend and CUPS FCU disbursed a 5% bonus share dividend.
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