FORT WORTH, Texas – American Airlines Federal Credit Union on Tuesday said it paid a bonus dividend of more than $12 million to qualifying members on Dec. 19, 2015.
The $6.2 billion CU said it wanted to reward the "active participation of both borrowers and savers" that contributed to a "successful" year.
The bonus dividend was based on dividends earned on qualifying share accounts and/or interest paid on applicable loans.
The savings portion of the dividend was calculated on share dividends earned through Nov. 30, 2015, while the loan interest portion of the bonus dividend amount was calculated on interest paid through Nov. 30, 2015.
To recognize the most active and loyal members, an additional $50 bonus was distributed to those who actively participated in three or more of the eight major account categories, the credit union explained.
"Giving back to our member-owners is one of the primary benefits of credit union membership," Angie Owens, American Airlines FCU's president and CEO, said in a statement. "We are happy to once again reward our members for their loyalty and product diversity while demonstrating our continued strength, efficient business practices and sound lending decisions."
Founded in 1936, American Airlines FCU now serves the present and retired employees of American Airlines, their family members and people who work in the air transportation industry. The CU has more than 255,000 members nationwide.
