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It's All Aces for Members of One Las Vegas-based CU

LAS VEGAS -Lady luck is smiling on the members of the $340 million Las Vegas-based Clark County Credit Union. The CU is giving more than $3.75 million to its 31,300 members in the form of a bonus dividend. The dividend, which will be deposited into members' accounts this week, will...

By Staff Writer | Updated on January 14, 2003

LAS VEGAS -Lady luck is smiling on the members of the $340 million Las Vegas-based Clark County Credit Union. The CU is giving more than $3.75 million to its 31,300 members in the form of a bonus dividend. The dividend, which will be deposited into members’ accounts this week, will average $119 per member, with the highest single bonus totaling $20,300. Including this week’s bonus, since 2000 CCCU has given nearly $10 million to its members, which include Clark County, City of Las Vegas and City of Henderson employees, as well as the county’s medical community. The CU credited the healthy dividend on its 2.16% ROA in 2002, which is more than three times the average 0.70% ROA among its peers in the credit union industry. The CU also recorded a net worth of 12.11%, compared to the industry peer average of 10.26%.

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