LAS VEGAS - (01/12/04) -- Clark County CU said it paid out awhopping $5.3 million bonus dividend to members for 2004, one ofthe biggest in the country. Members received 18.9% of all interestthey paid on their loans last year. The dividend works out to anaverage of $154.77 for each of the credit union's 34,244 members.This is the fifth straight year the credit union has paid a bonusdividend. Credit union officials attributed the large payout to thecredit unions profitability--a 2.76% return-on-average assets (ROA)last eyar, and high capital, 11.6%.
Processing Content
