Lenexa, Kan.-based CommunityAmerica Credit Union has returned $8.5 million to members as part of its annual Profit Payout initiative.
The $3 billion-asset CACU has returned $5 million or more to members for each of the last eight years and 2020 marks the 24th consecutive year the Kansas City-area credit union has issued a payout. Returns are based on the depth of a member’s relationship with the credit union, including loans, balances and use of various products and services.
“Profit Payout continues to be one of CommunityAmerica’s strongest differentiators,” CEO Lisa Ginter said in a press release. “This is truly a celebratory day for our qualifying member-owners who get to start their year off with a bang just for doing business with us. We believe Kansas City is on the rise, WE are on the rise, and as a result our members directly benefit from banking with us. Profit Payout Day is proof.”
Though the Profit Payout funds were distributed in 2020, they reflect the credit union’s 2019 performance. CommunityAmerica returned
The credit union posted more than $23.3 million in net income during the first three quarters of 2019, the most recent data available, more than double the $10.2 million it earned during the same period one year prior.
Additional coverage of recent dividend returns can be found
