DOVER, Ohio – The more than 35,000 members of Dover-Phila CU received a year-end bonus dividend for the 17th consecutive year, this year totaling $1.6 million.
The $324-million credit union awarded a 50% bonus dividend and an 8% interest rebate.
Dover-Phila said its success in 2011 was due in large part to the expansion of its bill pay service, which it did by offering account-to-account transfers and same-day bill pay.
The neobank filed for an initial public offering on Tuesday shortly after announcing a new office lease in New York City.
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