Millions More Paid Out to CU Members

BILOXI, Miss. – Keesler FCU, battered last year by Hurricane Katrina, announced a second special dividend for 2006, a $3 million bonus paid to members. That follows a mid-year payout of $863,000 to savers at the end of June. Credit unions large and small all around the country continue to share their success with members in the way of bonus dividends. Ascend FCU (formerly AEDC FCU), in Tullahoma, Tenn., paid members a $3 million bonus dividend. TDECU, formerly Texas Dow Employees CU, in Lake Jackson, Texas, paid its members a $1.7 million bonus. Tulsa Teachers FCU, Tulsa, Okla., paid out a $1.5 million bonus dividend. Hanscom FCU, in Lexington, Mass., paid members a $620,000 loyalty dividend. Western New York FCU, in Buffalo, paid out $500,000; First Energy Family CU, Akron, Ohio, paid $470,000; Neighbors CU, in St. Louis, paid members $410,000; MIT FCU, Cambridge, Mass., $200,000; and City Employees CU, in Koxville, Tenn., gave back $75,000.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER