A $30 million Extraordinary Dividend was approved by CEFCU’s Board of Directors and distributed to the credit union’s member/owners Dec. 1. The amount each member received was determined by dividends earned and interest paid during the first 11 months of the year and funds were deposited to members’ savings accounts.
CEFCU has returned $360 million in Extraordinary Dividends to members over the last 21 years.
“CEFCU’s strong financial results and continued member loyalty have made another Extraordinary Dividend available for members," said CEFCU Board Chairman, Matt Jolliff.
"This year, more than ever, CEFCU continues to live up to the credit union’s philosophy of 'people helping people,'" said Mark Spenny, CEFCU President/CEO. "Thank you to members for your continued support, and to CEFCU staff for providing outstanding member service while maintaining operational efficiencies.”