Schools Financial is among six credit unions announcing $8.9 million in special dividends to 340,098 members in December. The rebates represent about $26 per member and 20 bps of their returns of 1.17% on $4.5 billion in average assets for the 12 months ending Sept. 30. The other five are:

Evolve Federal Credit Union, El Paso, Texas ($314 million, 20,416 members) paid members $2 million in December as Special Patronage Dividends. The amount represents about $97.96 per member and 65 bps of its 12-month ROA of 0.50%.
DoverPhila Federal Credit Union, Dover, Ohio ($475.1 million, 34,752 members) paid members $1.5 million in December as bonus dividends. The amount represents about $43 per member and 32 bps of its 12-month ROA of 0.82%.
Fort Bragg Federal Credit Union, Fayetteville, N.C. ($411.2 million, 38,653 members) paid members $721,000 on Dec. 18 as Loyalty Dividends. The amount represents about $19 per member and 18 bps of its 12-month ROA of 0.81%.
Charter Oak Federal Credit Union, Waterford, Conn. ($1.2 billion, 77,415 members) paid members $618,600 in December as cash bonuses that are part of its Gold Rewards program. The amount represents about $8 per member and 5 bps of its 12-month ROA of 0.62%.
Atlantic Financial Federal Credit Union, Baltimore ($94.8 million, 10,103 members) paid members $83,000 in December as My AFFCU Rewards special dividends. The amount represents about $8 per member and 9 bps of its 12-month ROA of 0.99%.

So far this season, 18 credit unions ($51 billion, 3.6 million members) have announced $152.7 million in special dividends. The amount represents about $42 per member and 31 bps of their 12-month ROA of 1.12%.

Instant Insights /

Schools Financial Announces Last Pre-Merger Dividend

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