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Credit unions in Utah and Tennessee have lined up $10 million in special dividends for their nearly 400,000 members.

The dividends will be paid by Goldenwest Federal Credit Union of Ogden, Utah ($2.4 billion in assets, 156,149 members) and Ascend Federal Credit Union in Tullahoma, Tenn., 13 miles from Arnold Air Force Base ($3.4 billion in assets, 233,564 members). The dividends represent about $26 per member and 19 basis points of their 1.53% return on assets for the 12 months ending Sept. 30.

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Jim DuPlessis

A journalist for decades.

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