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The $300 million GFA Federal Credit Union of Gardner, Mass., said Friday it is making good on a five-year-old dividend payoff to its members traced to loan loss recovery on a merger with a tiny Massachusetts CU.

“We’re happy to give this money back,” said Tina M. Sbrega, GFA President/CEO, commenting on a $4,000 dividend rebate to an estimated 150 members of the since-merged Asnacomet FCU of Hubbardston, Mass. The $300,000 Asnacomet was merged into GFA in 2005.

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