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Corporate Central Credit Union, Muskego, Wis., approved a $600,000 patronage refund for 2008. The refund is the largest payout the corporate has ever had. The credit union said the refund is a direct recognition of the commitment members have shown to Corporate Central’s success. This year’s refund along with the increased rate the Corporate Central paid on MCSD balances represents over $2.5 million given back last year to members. The refund will be distributed to members based upon their patronage of Corporate Central’s investment, loan and correspondent services throughout the year.

Wright-Patt Credit Union, Fairborn, Ohio, announced a patronage dividend of more than $3 million to its members. The dividend will be paid to members on Jan. 15. The dividend will be distributed to over 160,000 members. To be eligible for the dividend a member must be in good standing both currently and at the payment date. The minimum dividend eligible members will receive is $5, the minimum amount need to open a savings account at the credit union, however, some members will receive hundreds of dollars. The greater the relationship a member has with the credit union, the greater their dividend will be.

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Peter Westerman

Credit Union Times

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