CHATTANOOGA, Tenn. — In addition to receiving a $750,000 dividend, 100 members of Chattanooga Area Schools Federal Credit Union will also receive $500 holiday cash bonuses.
The $112 million credit union said each of its 9,000 members will receive a 10% bonus dividend on all interest earned and a 10% refund of all loan interest paid during 2007. The money is scheduled to be deposited into members' share accounts on Friday. In its annual Christmas Cash Drawing, 100 members also received $500 each.
Giving back to the members is one way Chattanooga Area Schools FCU shows that it appreciates their business support, said Gary Land, president/CEO.
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