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Desert Financial Credit Union has announced it will pay members $14 million by Feb. 1, and three others announced special dividends of $1.1 million.

Desert Financial of Phoenix will pay a Member Giveback Bonus that equals about $41 for each of its 343,367 members and 0.25% of its $32.2 million in net income for the 12 months ending Sept. 30, 2020. Its return on its $5.5 billion in average assets for the 12 months was 0.70%.

Jim DuPlessis

A journalist for decades.

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