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Coastal Credit Union again distributed special dividends on Valentine's Day, distributing $4 million to members of the North Carolina credit union.
Coastal of Raleigh ($4.9 billion in assets, 331,089 members) paid members $4 million Wednesday as a Loyalty Bonus dividend. The amount represents about $12 per member, but payout was larger among the 81,000 members who qualified. It was also 8 basis points of the credit union's 0.83% return on average assets for the 12 months ending Sept. 30.
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