ALBUQUERQUE, N.M.–Sandia Laboratory FCU has announced a $10-million dividend.
The $2.32-billion CU said it paid the special dividend to members based on dividends members had already earned on deposit accounts over the past 12 months.
SLFCU “has weathered the tough economic times of the last several years and has built its reserves beyond the point of what’s needed for adequate safety and soundness, so we’re returning a portion of the reserves back to our members,” said President/CEO Robert Chavez in a statement.
In Lancaster, S.C., Founders FCU paid members a $4.5-million bonus dividend/loan rebate. The credit union’s 117,000 members received a bonus based on the amount of interest they have paid on loans or dividends earned on deposits since Jan. 1.
The $4-billion Founders FCU has now paid the Loyalty Dividend for four consecutive years, and over 24 years has paid out more than $50 million, it said.
In Ogden, Utah, Goldenwest FCU said it will pay members a $1.4-million annual bonus dividend Dec. 31. The one-time dividend will be based on a 4.15% APY being applied to member’s average daily balance of shares during 2016. The $1.2-billion CU said over 13 years it has returned $9.4 million to members through the bonus dividend program.
“The active participation of members both borrowing and saving has contributed to a year of strong growth and productivity for Goldenwest,” President/CEO Kerry Wahlen said in a statement.