BEAVERCREEK, Ohio–Wright-Patt Credit Union has announced it will pay out an $8-million Special Patronage Dividend to its members on Jan. 4, 2018. Since 2008, WPCU said it has returned more than $56 million in year-end earnings through their Special Patronage Dividend.
“2017 was another successful year for Wright-Patt Credit Union, and the Special Patronage Dividend reflects our dedication to sharing our success with our members,” said Tracy Szarzi-Fors, vice president of marketing and business development. “Unlike big banks and most other large financial institutions, Wright-Patt Credit Union doesn’t send our benefits away to stockholders. Instead, we return those benefits back to our members. It’s just one of the many ways we make sure our members keep more of their hard-earned money.”
Active members in good standing with WPCU on the announcement date of Dec. 5 and at the payment date of Jan. 4 are eligible for a share of the 2017 Special Patronage Dividend, which is calculated by member participation throughout the year.
Members can earn $15 just for having an active debit card, receiving eStatements, and using online or mobile banking. Other members may be eligible to receive hundreds of dollars due to their relationships with the credit union, WPCU said. On Jan. 4, members can log into their account through online or mobile banking to find out their share of the Special Patronage Dividend, which will be deposited into their TrueSaver account.
Wright Patt CU has 350,000 members.
“As we celebrate 85 years in business, Wright-Patt Credit Union is especially grateful to our members, to which we owe our success,” said Doug Fecher, the credit union’s president and CEO. “Improving financial health is how Wright-Patt Credit Union makes our impact, and our members share in the value we create every day. We are committed to enriching the lives of members, employees, and the communities we serve. This year’s success reinforces our belief that there’s never been a better time to be a member of Wright-Patt Credit Union.”
Other credit unions that have announced year-end bonuses include:
- Goldenwest Credit Union, Ogden, Utah, which announced it will pay members a year-end bonus dividend of $1,750,000
- Summit Credit Union, Madison, Wis., which is paying out $2.08 million in what it calls a “Cash Boomerang, to its members
- Ascend Credit Union, Tullahoma, Tenn., which is paying out $5-million in bonus dividends and loan interest refunds
- Andigo CU, Schaumburg, Ill., which is paying a $1-million “participation dividend” to its members in January
- Educators CU, Racine, Wis., which is paying a $2.46-million loyalty reward to members