Missouri Corporate Credit Union declared a bonus dividend of $120,000 to be paid to its member credit unions at the end of fiscal year 2003.
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"This marks the third consecutive year that we were able to pay out a bonus dividend," said MCCU CEO Dennis J. DeGroodt. "It resulted from successes achieved in managing investments in a turbulent market-as well as our consistent financial performance." Each member credit union with Membership Shares received a portion of the bonus dividend on Dec. 31. The individual amounts were determined based on the percentage of the total dividends each credit union earned during 2003.
For info: www.mocorpcu.coop.
