TULAHOMA, Tenn. – Ascend FCU said it will pay a bonus dividend to members of approximately $5 million this month.
The refund, the third consecutive year the credit union has made the payment, will be calculated as a percentage of total year-to-date dividends, including IRAs and total year-to-date interest paid on all loans.
The period covered will be Jan. 1 through Nov. 30. Over the past three years, Ascend FCU, formerly AEDC FCU, has paid $10 million in such bonuses.
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