ANACONDA, Mont.—Southwest Montana Community Credit Union is paying a first quarter 2015 bonus dividend to members of $200,000.
SMCCU’s president and CEO, Tom Dedman, said it is the first bonus paid by the credit union in the 20 years since a local smelter here shut down, causing economic problems for both the community and the credit union.
But with loan demand having rebounded and with the equity ratio now at 14%, the credit union was able to pay the bonus dividend. Southwest Montana Community CU has 7,000 members.