KINGSPORT, Tenn. – Eastman CU is the latest credit union to announced a major holiday payout, with plans to distribute $5 million in extraordinary dividend payments to eligible members.
“It’s another way we show our members that we care and appreciate them for borrowing and saving with us,” said Olan Jones, president of the $2.5 billion credit union. “Plus, it comes at a great time of year when everyone has a few extra bills to pay.”
The record dividend follows recent member payouts of $7 million by CEFCU; $5 million by Wright-Patt CU; $1.1 million by Baltimore’s MECU; $1.1 million by Scott CU; and $21 million by DFCU Financial CU, among others.
Payments will be deposited into savings accounts in February 2012, and deposit notifications will be included with the January statement and mailed to members prior to the payment.
Eastman has awarded a total of $50 million in extraordinary dividends to eligible members since 1998.
