EDWARDSVILLE, Ill. — Scott Credit Union has handed out a $1.3 million bonus dividend to members.
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The $924 million CU will give back the money based on members' savings and loan relationships with the credit union, giving an additional 3% APY on deposits and a 3% rebate of interest paid this year on any loan or credit card. The money has been deposited into members' accounts.
"Since members own the credit union, this is a great way for us to thank them and share our success," said CEO Frank Padak. "We have been able to issue a bonus dividend to our members for 22 consecutive years."
Over the past five years, SCU has given bonus dividends and loan interest rebates totaling more than $4.6 million.
