ST. LOUIS–Missouri Corporate Credit Union (MCCU) has declared a bonus dividend of $100,000 to be paid to its member credit unions at the end of fiscal year 2007.
“We were able to pay a bonus dividend because of our strong financial performance in 2007, and because of the terrific support we received from our members throughout the year,” said CEO Dennis J. DeGroodt.
Each “Regular” member credit union (those with Membership Shares) will receive a portion of the bonus dividend on Dec. 31. The individual amounts will be determined based on the percentage of the total dividends each credit union earned on its Overnight Account during 2007.
MCCU also declared a 6% dividend to all PIC (Paid-in Capital) holders for the fourth quarter. Any credit union in the United States is eligible to join Missouri Corporate.
