Members of the $780 million Goldenwest Credit Union of Ogden, Utah will receive a 4% APY bonus dividend on shares for the month of December, the CU announced.
The bonus dividend payout will total more than $575,000.
The 83,000-member credit union will pay a 4.2% APY dividend – the CU's monthly 0.2% APY dividend plus its 4% APY bonus dividend – on primary share accounts, secondary share accounts, Christmas Club share accounts and IRA share accounts on Dec. 31, 2011.
The 4% APY bonus dividend is based on the average daily balance of shares during 2011, the CU said.
This is the eighth consecutive year for Goldenwest CU to award its membership with a bonus dividend payout. The CU has paid a total of $4.5 million in bonus dividends since 2004.
“Goldenwest continues to remain strong despite the economic downturn,” Goldenwest CU President/CEO Shelley Clarke said. “We believe the tradition of awarding a bonus dividend is an important part of our success. As we take care of our members, they take care of us.”
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
