Dort FCU Members Get Rare CUGuarantee

Register now

FLINT, Mich. - (03/10/06) -- Members at Dort FCU can bank ontheir money for 2006, so to speak. The $350 million credit uniontoo the unusual step of guaranteeing their members a $1 milliondividend for the year in December. But there's a catch, thedividend will be based on how much interest a member pays anddividends he or she earns until then, requiring them to expandtheir relationship with the credit union to earn a bigger payout.The board decided to give the members a $1 million payday afterassessing the projected earnings and deposit growth for theyear.

For reprint and licensing requests for this article, click here.