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CEFCU, Peoria, Ill., announced that a record extraordinary dividend of $9 million has been distributed to CEFCU members.  The dividend was based on members’ savings and loan activity during, with $4.5 million going to borrowers and $4.5 million going to savers.  The amount each member received was determined by dividends earned and interest paid during the first 11 months of the year. Over the last 13 years, CEFCU has returned $63 million in extraordinary dividends to members.  CEFCU Board Chairman Patricia Hampton said due to the Credit Union’s strong financial results, this dividend is the largest ever extended to those who save and borrow with CEFCU.  The credit union has assets totaling nearly $4.8 billion and serves over 290,000 members.

Peter Westerman

Credit Union Times

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