LENEXA, Kan. — CommunityAmerica CU here returned more than $6 million to members through its Profit Payout program, with eligible members seeing an average return of $90.
This is the third consecutive year the $1.9 billion credit union has returned $5 million or more to the membership, and the 19th consecutive year it has issued a dividend. Members' individual payouts are based on how many products and services they have with the CU, and associated account balances.
CEO Dennis Pierce said the program highlights one of the CU's core differentiators.
"Our Profit Payout is just one of the any ways we work hard to advance our members' financial standing and well-being," Pierce said in a statement. "Couple that with our unparalleled member service and it's not surprising that more and more Kansas citizens are discovering that they can become part of something better by banking with CommunityAmerica."
The latest round of dividends caps a successful year for CACU, which saw a net income of just under $12 million during the first three quarters of 2014. In 2013 it had a net income of $18 million.
