ESL FCU Pays $7.25 Million Member Bonus

Published January 30, 2013, 8:28 p.m. EST

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Updated August 26, 2020, 10:28 p.m. EDT

1 Min Read

ROCHESTER, N.Y. ESL FCU paid a dividend to members totaling $7.25 million this month.

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The payout went to more than 199,999 credit union members and 2,600 businesses. It represented the 17th consecutive year a dividend was paid since the former savings and loan became a credit union in Rochester.

Dividends are deposited directly into the accounts of eligible members, who represent about two-thirds of the credit union’s total membership. Each member’s average monthly balances of deposits and loans were added together and then multiplied by a percentage determined by ESL’s board of directors to reach that member’s share of the dividend.

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