BALTIMORE–As it has every year since 1981, MECU here is paying a cash bonus to members.
Members have already been paid a loan interest rebate and at the end of December they will receive an extraordinary dividend.
In 2008, the MECU board decided to pay half the cash bonus at the end of June and the remainder in December in order to help the cash flow for employees of the Baltimore City School System, which make up a large portion of the membership.
In total, members will have received $3 million in cash bonuses in 2015, the $1.2-billion MECU said. It has 115,000 members.