The other three credit unions distributing special dividends were:

Clark County Credit Union, Las Vegas ($1.1 billion, 52,611 members), which paid members $2.4 million Jan. 19 as a Bonus Dividend. The amount represents about $46 per member and 21 bps of its ROA of 1.33% for the 12 months ending Sept. 30. "For Clark County Credit Union, 2023 was a strong financial year," President/CEO Matt Kershaw said. CCCU has now paid members $75.8 million over the past two decades.
Partnership Financial Credit Union of Morton Grove, Ill. ($350.2 million in assets, 14,922 members), which paid members $311,000 Dec. 31 as interest rebates. The amount represents about $21 per member and 9 bps of its ROA of 0.61% for the 12 months ending Sept. 30. "This year, we had the opportunity to pay a cash rebate to our borrowers, which literally put money back in our members' pockets," President/CEO Mary Ann Pusateri said.
Santa Barbara County Federal Credit Union, Santa Barbara, Calif. ($65.8 million in assets, 4,135 members), which paid members $263,300 Dec. 31 as a special dividend. The amount represents about $64 per member and 41 bps of its ROA of 1.83% for the 12 months ending Sept. 30.

Santa Barbara County President/CEO Jake Harbour said the board elected to pay a special dividend of $100 to all members in good standing — its first special dividend in the credit union's 73-year history.

Instant Insights /

Desert Financial Paying Members $20 Million

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