LAS VEGAS, Nev.–Clark County Credit Union is paying a $3-million bonus dividend/loan interest refund to members.
This year’s dividend payment of $3,002,536.08 means a total $56 million has been returned to members since 2001, CCCU reported.
All 40,000 CCCU members will receive at least $20 deposited into their accounts this month, though the average dividend payment this year is $73.74. Hundreds of members received $500 or more, with the highest single distribution coming in over $20,000, the credit union said.
“The annual dividend distribution is not only a tangible demonstration of the financial health of Clark County Credit Union, but it is a sign that our economy is continuing to do well here in Southern Nevada,” said Matt Kershaw, CEO of CCCU, in a statement. “Our members are also the credit union’s owners – as a leadership team, we take our responsibility to manage and grow their funds very seriously.”
The dividend payment is calculated based on interest either paid or earned in the past year through savings accounts, auto loans, new home construction loans or commercial loans.