The next largest payout also went out Tuesday from Police and Fire Federal Credit Union of Philadelphia ($9.3 billion, 451,692 members). The $16 million it paid as a Member Bonus represents about $35 per member and 18 bps of its 12-month ROA of 1.6%.

But many of the special dividends come from small credit unions, like Members1st Community Credit Union of Marshalltown, Iowa, 53 miles northeast of Des Moines ($258.9 million, 17,491 members). The $175,000 it will pay Dec. 15 as a bonus dividend represents about $10 per member and 7 bps of its 12-month ROA of 0.65%.

“2024 was one of the most successful years in the credit union’s history financially, and we are proud to share that success with the member-owners,” President/CEO Nick Tonelli said. “As a not-for-profit financial cooperative, we believe that when the credit union does well, our members should do well.”

Altogether, the 10 credit unions encompassed $36.2 billion in assets and 1.9 million members. Their $59.4 million in special dividends represents about $31 per member and 17 bps of their ROA of 0.97% for the 12 months ending Sept. 30.

The other seven credit unions are:

• American Airlines Federal Credit Union of Fort Worth, Texas ($9 billion, 368,129 members), which paid members $10 million Dec. 1 as a Bonus Dividend. The amount represents about $27 per member and 11 bps of its 12-month ROA of 0.37%.
• Coosa Pines Federal Credit Union of Childersburg, Ala., 37 miles southeast of Birmingham ($371.2 million, 25,361 members), paid members $500,000 in November as a bonus dividend and loan interest refund. The amount represents about $20 per member and 14 bps of its 12-month ROA of 1.10%.
• Corry Federal Credit Union of Corry, Pa., 33 miles southeast of Erie, Pa. ($103.5 million, 10,430 members), paid members $102,406 Oct. 17 as a bonus dividend. The amount represents about $10 per member and 10 bps of its 12-month ROA of 1.46%.
• Educators Credit Union of Racine, Wis. ($3.4 billion, 232,481 members), which paid members $5.2 million Dec. 1 as a Member Loyalty reward. The amount represents about $22 per member and 16 bps of its 12-month ROA of 1.07%.
• Heritage South Credit Union of Sylacauga, Ala., 47 miles southeast of Birmingham ($184.6 million, 15,673 members), which paid members $250,000 Dec. 6 as a bonus dividends and interest rebates. The amount represents about $16 per member and 14 bps of its 12-month ROA of 0.16%.
• Top Tier Federal Credit Union of Clarion, Pa., 78 miles northeast of Pittsburgh ($212.8 million, 15,906 members), which is paying members $400,000 Jan. 1 as a Special Bonus Dividend. The amount represents about $25 per member and 20 bps of its 12-month ROA of 1.09%.
• Wright-Patt Credit Union, Dayton, Ohio ($8.8 billion, 520,736 members), which is paying members $6.8 million Jan. 7 as a Special Patronage Dividend. The amount represents about $13 per member and 8 bps of its 12-month ROA of 0.7%.

Credit unions interested in sharing their special dividend announcements can email them to [email protected].