PARCHMENT, Mich. First Community FCU paid its 60,000 members a $2 million dividend Monday, up to $500 each.
The calculation of the dividend was based on the member relationship, including all aggregate loan interest paid plus savings dividends earned throughout 2012, as well as their level of participation with using other services offered by the credit union.
The $680-million credit union said it paid half of its 2012 net income to members.
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