ATLANTA — A strong capital base and solid financial results in 2007 helped Delta Community Credit Union recently rewarded its membership with $10 million in dividends and interest rebates.
The patronage dividend amounted to bonus payments to members of 7.50% of calendar 2007 dividends paid. The patronage refund represented 5.50% of the loan interest paid by members in 2007. These funds were taken directly from the credit union's capital account, according to $2.5 billion Delta Community CU.
“Sharing the credit union's financial success with members is important to the staff and board of directors of Delta Community Credit Union,” said Rick Foley, president/CEO of Delta Community CU. “It's one of the major differences between our credit union and other financial institutions.”
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