SACRAMENTO, Calif.–The Golden 1 Credit Union said it is paying out a member giveback totaling $20 million to approximately 1.1 million member accounts.
The contribution marks the second time in five years the credit union has awarded eligible members with “surprise” account deposits as part of what it called a “thank you” to its members.
“Golden 1 Credit Union has been a member-focused organization since day one, and we have an unwavering commitment to invest in those who invest in us,” said Golden 1 President and CEO Donna Bland in a statement. “Our members are key to our success, and we are excited to say ‘thank you’ in a very real and tangible way. We thrive today because of their continued loyalty.”
To highlight the payout, Golden 1 highlighted three members on social media and outdoor advertisements for their “inspiring stories,” including Manuel, Sonia, and married couple Sam and Sara, all of whom were nominated by employees at their local branches. The trio was also surprised with additional personalized thank you gifts from the credit union.
Members Urged to Check Balances
According to Golden 1, the $20 million giveback distribution was revealed when it encouraged members to check their savings accounts. All eligible members received a supplemental dividend of at least 25% of their total dividends received through Oct. 1 this year.
Golden 1 last paid out a bonus distribution in 2014 when it paid $18 million to members. The CU has more than $12 billion in assets.