DENTON, Texas–A number of credit unions have also announced year-end dividends and bonuses for members.
The credit unions include:
- DATCU Credit Union, which paid members $1,875 million. This is the ninth consecutive year that DATCU has paid a bonus dividend to its members, making the total distribution more than $11.3 million in bonus dividends. DATCU distributed the dividend of 0.25% to qualified members based upon a member’s annual average deposit balance. “We’re so pleased that it was another successful year at DATCU and that we were able to reward our members," said Glen McKenzie, DATCU president/CEO. "Giving back a bonus dividend is just one of the many ways that we demonstrate our appreciation for our members."
- In Greensboro, N.C., for the eighth consecutive year, members of Premier Federal Credit Union received 5% of the interest paid in 2017 on eligible loans. More than 9,600 members received a portion of the $259,899 given back through a deposit to their savings account. Over the past seven years, Premier FCU reported it has been returned to members in the form of an annual interest rebate. “Being a not-for-profit financial cooperative, we are committed to enhancing the benefits of being a member-owner,” stated Lori Thompson, president and CEO. “Our philosophy is that of “People Helping People” and we are proud to have helped so many of our members save money and get the things they need through our lending products.”
- In Oklahoma City, Okla., True Sky Credit Union said it is returning $113,000 to its more than 50,000 members in the form of year-end rebates and bonuses.
The payout marks the 18th year the $590-million True Sky has returned funds to members, totally more than $4 million over that time.