COLUMBUS, Ind.–Centra Credit Union said it is paying out a special dividend payment of $1.5 million members.
The special dividend payment, the credit union said, “was made possible through favorable financial conditions in 2021. These conditions included unique events that are not anticipated to reoccur in 2022.”
Centra said its Member Loyalty Bonus will be paid out to eligible members through its Member Loyalty Rewards.
Bonuses, or special dividend payments such as this one, are deposited into Member Loyalty Accounts, which are high interest savings accounts designated for members’ cash rewards, according to the credit union.
Centra reported this is the second special dividend payment Centra has issued in the past year. On May 17, 2021, Centra paid out a total of $2 million in special dividends with the launch of the all-cash Member Loyalty Rewards.