BURBANK, Calif.—The $3.9-billion Logix Federal Credit Union is returning $6.1 million to 54,029 of its members in the form of a Loyalty Dividend.
The dividend will be deposited directly into member accounts. Most members who had $10,000 or more in combined balances and were with the credit union as of June 30, 2014, were eligible for a dividend, the credit union said.
“It’s so gratifying to be able to provide a Loyalty Dividend to our members, in addition to better-than-market rates that Logix offers every day,” President and CEO Dave Styler said. “This is the third consecutive annual Loyalty Dividend, and the largest in our history, all made possible by our industry-leading financial strength.”