OGDEN, Utah – Goldenwest CU will pay its members a $575,000 bonus dividend, the eighth straight year the credit union paid a bonus.
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This year’s payout amounts to a 4.2% Annual Percentage Yield on shares for the month of December.
Paid for the month of December, a 4% APY bonus dividend is based on the average daily balance of shares during 2011. The bonus dividend is in addition to the 0.2% APY monthly dividend. Members will receive the total dividend of 4.2% APY on Dec. 31.
The $780-million credit union paid a $600,000 bonus dividend last year and has paid a total of $4.5 million since 2004.
