ATLANTA – Delta Community CU announced yesterday it paid its members a $5 million patronage dividend as a reward for their loyalty.
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Members earned additional deposit dividends or loan rate rebates based on the amount of business they conducted with the credit union last year. Members who maintained positive balances in checking, savings, money market and IRAs received a bonus equal to 4.5% of the total dividends they earned on those accounts during 2008. Borrowers in good standing received a rebate equal to 2.5% of the interest they paid on their loans during the same period.
The $2.8 billion credit union, chartered to serve employees of Delta Airlines, had a successful 2008 with almost $26 million in net income for the first three quarters.
