DUBUQUE, Iowa—More than 74,000 participating members of Dupaco Community Credit Union have received a share of nearly $3.7 million in bonus patronage dividends for 2022.
The credit union made the annual payout on International Credit Union Day. The dividend is part of the credit union’s nine-month program called “Thank Use,” the timeframe for which to earn the rewards was Jan. 1 through Sept. 30.
The Thank Use campaign rewards members in relation to each member’s active participation in the credit union. Those recognized services included loans, savings, checking, insurance, investments, debit card, credit card and a financial wellness quiz.
An active share draft checking account is required to unlock the payout. Members can view their dividends by logging into Dupaco’s Shine Online or Mobile banking app.
CUToday.info had coverage of the Thank Use program here.
More Than $24 Million Paid
According to Dupaco Community, the average dividend this year was $50. This is the seventh consecutive year a participation dividend has been paid. Since 2016, Dupaco reported it has paid more than $24.4 million in Thank Use directly to member-owners.
“Dupaco is more than local. It’s a financial cooperative, owned by people in our community,” said Dupaco Chief Marketing Officer David Klavitter. “The more members use their credit union, the more members, the community and Dupaco benefit.”
Dupaco said this year’s payout numbers also includes 5,917 of its youngest members, who “learned the importance of making regular deposits to their credit union account and earned nearly $148,000 through a special category called Boost.”
‘Education’ is Part of Mission
“As a cooperative, our member-owners work together for the betterment of themselves and the cooperative,” said Klavitter. “Education is rooted in our mission and when we achieve tangible results, we share that success with our member-owners.”
More information on the program is available at dupaco.com/ThankUse.
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