Clark County Credit Union pays out $3.5M dividend to members

Clark County Credit Union in Las Vegas has paid out an annual bonus dividend to its members for the fifth year in a row.

The $750 million-asset institution said Tuesday it distributed $3,506,767.06 into its members’ accounts. Each payment was based on a member’s average annual daily balances for deposits and for loans of any kind.

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Clark County’s giveback comes as CUs across Nevada and California report continued positive growth trends.

CCCU indicated that the average dividend paid out this year amounted to $80.73, while all of its approximately 43,500 members received at least $20, with hundreds of members reportedly receiving $500 or more.

“Our members’ loyalty and commitment to CCCU are the key ingredients in making this dividend possible year after year,” Matt Kershaw, chief executive officer of Clark County CU, said in a statement. “As member-owners, their deposits and loans are investments that pay dividends, literally.”

Last year, CCCU paid out a $3.3 million dividend. The year before, the credit union handed out $3 million.

All told, Clark County CU has distributed $63,198,072.46 to its members over the past 19 years.

The privately insured institution posted net income of $8,203,146 through the first nine months of 2018. In 2017, the credit union earned $9,427,686.