MECU Pays Members $4.25M

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BALTIMORE - Municipal Employees CU of Baltimore paid its members a year-end dividend of $4.25 million-the 25th year in a row it returned funds to members.

Loan interest rebates were deposited into members share accounts on Dec. 1, 2006 and the extraordinary dividends were deposited on Dec. 31, 2006.

The amount that each member receives depends on the amount of interest he or she paid on loans over the past year, and the amount of dividends received on deposit accounts. MECU has more than $800 million in assets and 83,000 members. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved.

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