$50 million of dividends was distributed to CEFCU’s members and owners.
The amount each member received was determined by dividends earned and interest paid during the first 11 months of the year.
On December 1ST funds were deposited to members’ savings accounts.
CEO and president Mark Spenny says this is a result of strong member loyalty.
“Our members are really the ones who make it happen,” said Mark Spenny. “It’s their choices that are the ones that really make that happen so it’s really us that should be telling them thanks and we did that in a fairly big way.”
Over the last 16 years, CEFCU has returned $155 million in dividends to members.