Medford, Ore. -- Rogue Credit Union paid out a $2.5 million dividend under the CU's first ever "Rogue Rewards Loyalty Dividend" program.
The average payout was $30, going up to a maximum of $571. The dividend was distributed to more than 81,000 of the $1.1 billion institution's 97,000 members.
Members' dividends were calculated by their "participation" in the credit union in 2015, as determined by a mix of deposits, loans and transactions, according to the CU. The dividend was deposited into a new, high-yield "Ownership Account," which allows members to earn even more.
Rogue CU generated net income of about $15.7 million in 2015, according to its latest Call Report.
"Our member's trust and loyalty is what has made Rogue Credit Union successful," said president and CEO, Gene Pelham. "We're excited to share that success with our member-owners."
