The other five credit unions included three with ties to Air Force bases:

Ascend Federal Credit Union of Tullahoma, Tenn., 13 miles from Arnold Air Force Base ($3.1 billion in assets, 222,551 members) paid members $4.1 million in December as bonus dividends and loan interest refunds. The amount represents about $18 per member and 15 bps of its ROA of 0.70% for the 12 months ending Sept. 30.
Tyndall Credit Union based in Panama City, Fla., 10 miles from Tyndall Air Force Base ($1.8 billion in assets, 113,450 members) announced it plans to pay members $10 million from Nov. 23 to Dec. 25 as Project Giveback. The amount represents about $88 per member and 58 bps of its ROA of 1.06% for the 12 months ending Sept. 30.
Robins Financial Credit Union based in Warner Robins, Ga., five miles from Warner Robins Air Force Base ($3.2 billion, 224,475 members) paid members $17.5 million on Dec. 14 as Member Rebate. The amount represents about $78 per member and 59 bps of its ROA of 1.30% for the 12 months ending Sept. 30.
Citizens Equity First Credit Union in Peoria, Ill. ($6.8 billion, 354,874 members) paid members $30 million on Dec. 1 as an Extraordinary Dividend. The amount represents about $85 per member and 46 bps of its ROA of 0.46% for the 12 months ending Sept. 30.
Educators Credit Union of Mt. Pleasant, Wis. ($2.6 billion, 203,430 members) paid members $4.3 million on Dec. 1 as Member Loyalty rewards. The amount represents about $21 per member and 18 bps of its ROA of 1.47% for the 12 months ending Sept. 30.

Over the last three years, Educators Credit Union has deposited more than $10 million into members' accounts with their reward program. The 2020 payout is the biggest ever, and provided up to $165 per member.

Instant Insights /

Six Credit Unions Pay $67 Million in Special Dividends

Related Stories

Recommended For You