George Eastman, left, inventor of the Kodak camera and founder in 1920 of what is now ESL Federal Credit Union, with inventor Thomas Edison at Eastman’s home in Rochester, N.Y. in July 1928. George Eastman, left, inventor of the Kodak camera and founder in 1920 of what is now ESL Federal Credit Union, with inventor Thomas Edison at Eastman’s home in Rochester, N.Y. in July 1928. (Photo from Library of Congress)

An Upstate New York credit union paid $20 million to its more than 366,000 members Friday as special dividends as it marks its founding by Kodak camera inventor George Eastman 100 years ago.

ESL Federal Credit Union, Rochester, N.Y. ($6.8 billion, 366,962 members) paid Owners’ Dividends that average $55 per member. The amount represents 0.31% of its average assets, compared with its ROA of 1.46% for the 12 months ending Sept. 30.

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Jim DuPlessis

A journalist for decades.

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