LAS VEGAS—On its annual Dividend Day, Clark County Credit Union announced it is returning $3.3 million in earnings to its members.
CCCU said its members were informed of their dividend amount via email or in real time inside one of the six branch locations during a Dividend Day celebration that included donuts, balloons, a photo booth with a $3-million bill and free movie tickets to members who shared their photos using #CCCCUDividendDay.
This year’s dividend payment is $3,355,881.43, which brings the total to $59.7 million pumped back into the Southern Nevada economy since 2001. All 44,000 CCCU members received at least $20 deposited into their accounts this month, though the average dividend payment this year is $74.76. Hundreds of members received $500 or more, the credit union said.
“Our members loyalty and commitment to CCCU help make this dividend happen year after year,” said Matt Kershaw, chief executive officer of CCCU. “As member owners, their deposits and loans are investments that pay dividends, literally.”
Clark County CU said the dividend payment is calculated based on average annual daily balances for both deposit amounts and for loans of any type including auto loans, new home construction loans or commercial loans.