CEFCU’s Board of Directors approved a $35 million extraordinary dividend and distributed it to the credit union’s member/owners Dec. 1. The amount each member received into their savings accounts was determined by dividends earned and interest paid during the first 11 months of the year.
CEFCU has returned $415 million in extraordinary dividends to members over the last 22 years. CEFCU Board Chairman Angel Martinez said. “CEFCU’s strong financial results and continued member loyalty have made another Extraordinary Dividend available for members.”
Matt Mamer, CEFCU president/CEO, added, “As a credit union, CEFCU is a member-owned financial cooperative. This means that when the Credit Union does well, the money goes right back to the members, and not outside stockholders. Thank you to members for your continued support, and to CEFCU staff for providing outstanding member service while maintaining operational efficiencies.”