DEARBORN, Mich. – DFCU Financial CU announced yesterday it plans to pay members a $17 million dividend for the third year in a row.
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Michigan’s largest credit union, with $2 billion in assets, DFCU has had a banner year so far in 2008, with $28 million in net income for the first three quarters of the year, up from $22.2 million for the same period last year.
The dividend announced yesterday will be distributed during the first week of January to about 133,000 members. Members must have maintained a minimum average account balance of $100 throughout this year to qualify for the payment.
