New Board Pays $2.5 Million From Polish & Slavic FCU’s Burgeoning Capital

NEW YORK – Polish & Slavic FCU will pay its members a $2.5 million special dividend on May 3 to coincide with the anniversary of the Polish Constitution of 1791.

Processing Content

The 34-year-old credit union’s first special dividend was prompted by a new board that took office calling for the $1.3 billion credit union to share its 11% capital with members.

Qualified members will receive a lump sum equal to 0.25% of their total average share balances for the year ended Dec. 31.


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