Wright-Patt Credit Union has paid its members more than $5 million in the form of a special patronage dividend following an announcement on Dec. 1 that the credit union would return excess earnings to its members for the fourth consecutive year.

The dividend, which is $1 million more than last year, is only possible because more than 215,000 member-owners brought their savings, checking, auto loans, mortgages and credit card accounts to Wright-Patt, the Ohio credit union said.

The amount of the patronage dividend paid to members varies based on the types of relationships held with the $2.2 billion Wright-Patt, based in the Dayton suburb of Fairborn. Ohio. The more accounts and services the member has the greater the reward.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.