Other credit unions announcing dividends included:

Elko Federal Credit Union of Elko, Nev. ($291.1 million, 17,630 members), which is paying members $1 million in January as a bonus payout. The amount represents about $57 per member and 36 bps of its ROA of 1.90% for the 12 months ending Sept. 30. Chair Thomas C. Ballew said this month’s payout is the largest special dividend in Elko FCU’s 65-year history. “This dividend is a testament to the hard work and dedication of our team, and it underscores our commitment to providing exceptional financial services to our members and the communities we serve,” Ballew said.
SRP Federal Credit Union of North Augusta, S.C. ($1.8 billion, 194,166 members), which paid members $3.9 million Dec. 20 as a Loyalty Dividend. The amount represents about $20 per member and 22 bps of its ROA of 1.50% for the 12 months ending Sept. 30. “This Loyalty Dividend reflects our commitment to giving back to the members who make SRP Federal Credit Union strong and successful,” CEO Eric Jenkins said.
Empower Credit Union of Syracuse, N.Y. ($3.8 billion, 277,374 members), which paid members $2.5 million Dec. 19 as a special dividend before its acquisition by Educators Credit Union of Racine, Wis., in a merger completed Jan. 1. The amount represents about $9 per member and 7 bps of its ROA of 1.01% for the 12 months ending Sept. 30. CU Times reported earlier that Educators CU ($3.4 billion, 232,481 members) paid members $5.2 million Dec. 1 as a Member Loyalty reward.
Ascend Federal Credit Union of Tullahoma, Tenn. ($4.4 billion, 246,410 members), which paid members $3.5 million Nov. 15 as a member return program. The amount represents about $14 per member and 8 bps of its ROA of 0.87% for the 12 months ending Sept. 30.

So far this season, CU Times has tallied 41 credit unions ($110 billion, 5.7 million members), which that have announced $248.7 million in special dividends. The amount represents about $44 per member and 23 bps of their 12-month ROA of 0.95%.

Instant Insights /

Desert Financial Pays Members $16 Million

Related Stories

Recommended For You