Handing over cash to a person with chart underneath showing positive cash returns. Credit/Shutterstock.

Two of Tennessee’s largest credit unions have announced plans to pay members $10 million in special dividends this year.

On Thursday, Ascend Federal Credit Union of Tullahoma, Tenn. ($4.2 billion in assets, 240,798 members) said it will pay members $5 million in December as part of its member return program. The amount represents about $21 per member and 12 basis points of its return on average assets of 1.12% for the 12 months ending Sept. 30.

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Jim DuPlessis

A journalist for decades.

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