TTCU Pays Out $1.53-Million Dividend To Members
TTCU said it will pay a bonus dividend to members of $1.53 million. The dividend represents a bonus on interest earned from deposits and/or a bonus for interest paid on loans, and is the second year in a row a bonus has been paid to the membership.
The $623-million TTCU is crediting solid performance during 2003-ROA of 1.71% reduced to 1.46% following the bonus dividend) and an equity/capital ratio of 14.3%-for the payment.
To receive a share of the dividend a member had to have received at least $40 in interest during 2003 for deposits and/or had to pay at least $155 in interest in 2003 for loans. Nearly 30,000 members received a bonus dividend. The largest dividend paid to one member was $2,499.