DEARBORN, Mich. — DFCU Financial has issued a new record-breaking special patronage dividend totaling $23 million to its members.
The $3.5 billion-asset credit union has made something of a habit of breaking its own record on annual dividends, having set new records every year for eight straight years since the program's inception in 2006.
More than 100,000 of DFCU members received a portion of the largesse based on their total account relationship with the CU. DFCU said it has returned a total of $157 million to its members via the special patronage dividend during the last eight years.
The minimum amount an eligible member received is $50. The CU offered a sample of what a member could receive if the member used DFCU as its primary financial institution. A member with a $150,000 mortgage, a $2,000 savings account, $1,000 in a checking account and a $12,000 auto loan would receive a dividend of $825.
