ROCK ISLAND, Ill.–Two more credit unions have announced year-end bonus dividends/interest rebates.
Among those CUs is Gas Electric Credit Union, which said it returned $250,000 in total.
“You may notice something a little extra in your account. It was another successful year for your credit union, and we want to thank YOU, our members,” the credit union said on its website. “To show our appreciation, we have paid a $250,000 bonus dividend! Since 2014, we’ve given away over $1,200,000 in bonus dividends! That’s on top of the monthly dividends, low loan rates and low (or non-existent) fees! It is just another way GECU is different, and that it truly pays to be a member!”
Also in Peoria, Ill., the $7.6-billion Citizens Equity FCU (CEFCU) said it returned $20 million, or approximately $54 per member. The payout was divided evenly among savers and borrowers.
Other CUs Paying Bonuses, Rebates
Other credit unions that announced year-end 2021 bonuses and rebates include:
- Goldenwest CU, which is paying out $2.2 million
- Western Division Credit Unions, which paid out more than $1 million
- Educators Credit Union (Wisconsin), which paid out $4.9 million
- Tyndall FCU, which returned more than $10 million to members
- Ascend FCU, which paid out $7 million
- Eastman Credit Union, which announced a $15 million extraordinary dividend
- Dow Chemical Employees’ CU, which is returning $13.6 million.
- Tyndall FCU, which is returning $11 million
- Robins Financial Credit Union, which paid out $18 million to its members in the form of a Member Rebate.
- Empower FCU, which is paying members a $4.5-million “giveback” in the form of bonus dividends and rewards rebates.
- CoVantage Credit Union, which returned $5 million in patronage dividends to members
- Western Sun FCU paid a one-time bonus dividend, but did not disclose the amount paid out.