The ORNL Federal Credit Union Board of Directors approved a $5 million special dividend to be shared across the membership, and it was issued to members Oct. 21. This was the fifth consecutive year a special dividend was issued, totaling more than $21 million.
More than 74,000 participating Dupaco Community Credit Union member-owners received a share of nearly $3.7 million in bonus patronage dividends for 2022. The special payout to participating members happened Oct. 20, to coincide with International Credit Union Day.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.