TICONDEROGA, N.Y. – Ticonderoga FCU has an unusual bottom line for 2008-0--as in zero net income and zero losses.
That’s because the $68 million credit union gave all of its net income back to members as a bonus dividend–more than $300,000.
This year’s bonus was based on dividends paid on all share, or savings accounts during 2008. The minimum bonus $5 and the maximum was $750, and it was deposited into eligible members’ accounts yesterday.
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