The $223 million Guardian Credit Union in Montgomery, Ala., said it hasdistributed more than $800,000 in interest rebates and dividendbonuses to 23,000 members.
One member received more than $3,300, while many other membersreceived $1,000 or more than $100, the Alabama credit union said.
The distribution of rebates and dividends was possible becauseof Guardian CU's positive financial results. The credit union'sassets have increased from $128 million in 2008 to $223 millionthis year. Its year-over-year net income has increased from$1.2 million in 2008 to $1.8 million in 2011, according to NCUAfinancial reports.
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