SCHAUMBURG, Ill.–Two more credit unions have announced year-end bonus dividends.
The $867-million Andigo Credit Union said that for the fifth time since 2010, it is paying a participation dividend to members of $1 million. All members with active accounts in good standing qualified for the dividend paid on January 26. The dividend amount is based on each member’s active participation in the credit union, such as their level of deposits, loans, and if they have a mortgage at the credit union.
“Thanks to their active participation through the loans and deposits they have with Andigo, we are able to give back with this owner participation dividend,” said President and CEO Mike Murphy. “It’s something they wouldn’t get from a bank, and it’s just one more way we show how we are different."
In Silver Creek, N.Y., Northern Chautauqua FCU has announced a year-end giveback to members.
Northern Chautauqua, which serves employees and families of the Silver Creek and Forestville School districts, is paying a 5% interest refund to all members with non-delinquent loans.
The $3.5-million NCFCU has 675 members.