KANSAS CITY, Mo. — For the second year in a row, members of Mazuma Credit Union received a dividend, this time totaling $720,000.
The bonus dividend is based on qualifying share accounts and qualifying loans. Members received 3% of the interest earned on deposits and 3% of the interest paid on loans in 2007.
Rob Givens, president of $300 million Mazuma CU, attributed the dividend to “active participation” from members.
“They are the reason we've been able to achieve sustained growth and continue our commitment to serving the Kansas City community,” Givens said.
The dividend was paid out on Monday.
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