Goldenwest FCU, a $1.2 billion institution based in Ogden, Utah, is set to issue members a $1.4 million bonus dividend at year-end, bringing the total amount returned to members over the last 13 years to nearly $9.4 million.
The one-time dividend of 4.15% annual percentage yield (APY) is paid on primary shares, secondary shares, Christmas Club shares, and IRA shares. It will be paid in addition to the monthly dividend, which was declared by the board at 0.10% APY. Thus, the total dividend paid for the month of December will be 4.25% APY.
"The active participation of members both borrowing and saving has contributed to a year of strong growth and productivity for Goldenwest," President and CEO Kerry Wahlen said in a statement. "The bonus dividend is one of the many ways we reward our members for choosing Goldenwest as their financial partner."
