The other six credit unions were:

Bank-Fund Staff Federal Credit Union, Washington, D.C. ($6.4 billion in assets, 93,242 members) which paid members $3 million Jan. 19 as a supplemental dividend. The amount represented about $32 per member and 5 bps of its ROA of 0.79% for the 12 months ending Sept. 30.
Charter Oak Federal Credit Union, Waterford, Conn. ($1.5 billion in assets, 87,401 members) which paid members $815,000 in January as a Gold Rewards bonus. The amount represented about $9 per member and 5 bps of its ROA of 0.92% for the 12 months ending Sept. 30.
Ideal Credit Union, Woodbury, Minn. ($985.7 million in assets, 51,993 members) which paid members $479,000 throughout 2022 as VIP+ dividends. The amount represented about $9 per member and 5 bps of its ROA of 0.74% for the 12 months ending Sept. 30.
American United Federal Credit Union, Salt Lake City ($376.7 million in assets, 25,419 members) which paid members $380,000 in December as reward dividends. The amount represented about $15 per member and 10 bps of its ROA of 0.97% for the 12 months ending Sept. 30.
Fort Community Credit Union, Fort Atkinson, Wis. ($345.7 million in assets, 21,860 members) which paid members $300,000 Dec. 31 as a patronage dividend. The amount represented about $14 per member and 9 bps of its ROA of 0.23% for the 12 months ending Sept. 30.
Rome Kraft Employees Credit Union, Rome, Ga. ($19.7 million, 1,609 members) which paid members $80,000 in January as bonus dividends. The amount represented about $50 per member and 42 bps of its ROA of 1.2% for the 12 months ending Sept. 30.

So far this season, 53 credit unions ($139.5 billion, 7.2 million members) have announced $307.7 million in special dividends. The amount represented about $43 per member and 23 bps of their 12-month ROA of 0.9%.

Instant Insights /

8 Credit Unions Pay Nearly $12 Million in Special Dividends

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