LAS VEGAS – Members of Clark County CU rang in the New Year with the sound of the chi-ching–a $7 million year-end payout deposited in their accounts yesterday.
The average payout for the credit union’s 38,700 members was $179.48, with the single largest amount almost $41,000. The money was distributed based on the amount of interest paid or earned by each of the $630 million credit union’s members in 2007.
This year’s member dividend is down slightly from $8 million the credit union paid last year and the $12 million paid in 2006, but significant in a tough year for credit unions.
“We are hearing more and more about the state of the economy and its impact on financial institutions across the country,” said Wayne Tew, president of Clark County CU. “I am happy to announce that CCCU continues to thrive in a difficult market.”
