Owners Dividend Pays Big At ESLFCU

Register now

ROCHESTER, N.Y. - (02/25/05) -- ESL FCU said it paid members a'Owners' dividend of $5.5 million for 2004, one of the year-endpayouts largest in the country. Each member's owners dividend wasdetermined by adding the total dividends earned on share accountsto the total interest paid on loans. The total amount wasmultiplied by 3.325% for last year. More than 191,000 of the creditunion's members received payments, with the average payout $200.This is the ninth straight year the $2.7 billion credit union haspaid an owners dividend.

For reprint and licensing requests for this article, click here.