ECU Pays Pre-Merger Dividend

ALBANY, N.Y. - As its final act before being absorbed in a merger by Capital Communications FCU, the $82-million Excelsior CCU said it will pay a bonus dividend and a refund to those who were members ECU prior to the merger. The $750,000 payout will be divided among borrowers and savers based on interest earned and interest paid from Jan. 1 through Aug. 31 of this year. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

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