DEARBORN, Mich. — DFCU Financial, the one-time Ford workers credit union, announced Tuesday morning a $23 million bonus dividend — the biggest ever by a credit union — will be paid to members at year-end.
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This year's payout, up from last year's $21.9-million record, will go to 100,000 members of the state's biggest credit union.
"The economy may have struggle but we have been able to give a larger sum of cash back to our members every year," said Mark Shobe, president of the $3.5 billion-asset CU.
The payout to each member will be determined by their depth of their relationship to the credit union, considering loans and saving accounts.
