Kansas City's CommunityAmerica returns $8.5M to members
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.”
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 here.