INTERNATIONAL FALLS, Minn.–After a three-year absence, TruStar Federal Credit Union said it is paying a patronage dividend of $650,000 to eligible members.
“When our capital exceeds our goal for the year, the excess is returned to our members in the form of a patronage dividend,” said President/CEO Kipp Raboin.
According to the credit union, it has paid patronage dividends totaling $4.75 million since 2013.
“This is a perfect example of what being a member of a financial cooperative is all about - sharing in the success of the business,” added Raboin.
The $330.4-million TruStar CU has more than 18,000 members.
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