DUBUQUE, Iowa—Dupaco Community Credit Union is reporting that nearly 74,000 of its participating members received a share of more than $3.3 million in “Thank Use Ownership Perks” for 2023.
The special payout to participating members took place on International Credit Union Day as part of its nine-month program called Thank Use, which runs Jan. 1-Sept. 30.
The $3.2-billion Dupaco reported the average dividend this year was $45. This is the eighth consecutive year a participation dividend has been paid. Since 2016, Dupaco said it has paid nearly $27.7 million in Thank Use directly to its members.
The Thank Use dividend demonstrates the power of Dupaco’s member-owned, cooperative structure, according to Dupaco Chief Marketing Officer David Klavitter.
“Dupaco is more than local. It’s a financial cooperative, owned by people in our community,” said Klavitter. “The more members use their credit union, the more members, the community and Dupaco benefit.”
How Program Works
Dupaco Community CU explained the Thank Use campaign rewarded members in relation to each member’s active participation in the credit union. The recognized services included loans, savings, checking, insurance, investments, debit card, credit card and learning ways to protect members’ online accounts.
“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.”
An active share draft checking account was required to unlock the payout, Dupaco said.
Additional info on the Dupaco program can be found at dupaco.com/ThankUse.
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