DEARBORN, Mich. – For the fourh year in a row DFCU Financial has paid a record dividend to members–this time a $19 million payout.
The $2.5-billion credit union, Michigan’s largest, has paid out more than $70 million in special patronage dividends over the past four years.
"We often refer to the special dividend as our own economic stimulus package because it has helped so many of our members," said Mark Shobe, president of DFCU.
The dividend is calculated based upon the member’s total relationship with DFCU Financial–the greater the relationship, the larger the dividend. Qualifying members will receive a one-half percent (0.5%) dividend on their average loan and deposit balances, with each eligible member receiving at least $50. This includes all savings accounts and loan balances.
