BROKEN ARROW, Okla.–Western Sun FCU has named a new CEO and also announced a year-end bonus dividend.
The $195-million WSFCU has named John Robinson to lead the organization, succeeding Robert W. Taylor, who retired at year end after 28 years of service to the credit union where he oversaw growth from $93 million in assets.
Robinson has been with Western Sun since 1999, joining the credit union as a branch manager and most recently serving as COO. He has more than 28 years of credit union experience.
He succeeds current President/CEO Robert W. Taylor, who will be retiring at the end of the month following 28 years of service.
Year-End Bonus
Separately, Western Sun announced that as a “special thank you to the membership of Western Sun Federal Credit Union, our board of directors has declared a one-time bonus dividend. This bonus dividend will be paid in December on qualified accounts and is in addition to any dividends you would normally receive.”
In a statement on its website, Western Sun FCU added, “The bonus is paid on each account, not per membership. For example, if you have a savings account, checking account, and a certificate of deposit, you would receive a total of three bonus dividends – one for each account. The amount of the bonus dividend received is calculated based on the average balance in each account from January 1, 2021 through Nov. 30, 2021.
“It is our intent that this bonus dividend will serve not only as a thank you but also act as a reminder of the value and benefit of credit union membership. With your support we will continue to make a positive impact on the financial wellbeing of our members and our community for many years to come,” the statement continued.