The $1.8 billion CommunityAmerica Credit Union in made Valentine's Day a bit sweeter on Tuesday by paying out a dividend of $1 million to its members.
Payment amounts were based on the individual members' use of products and services from the 167,000-member CommunityAmerica, which has 32 branches in and around Kansas City, St. Louis and Topeka, Kan.
“We consistently demonstrate our appreciation for members throughout the year by offering lower rates, low and sometimes no fees and exceptional products and services to help them achieve their financial dreams,” said Dennis Pierce, CEO at CommunityAmerica. “This year's payout happens to fall on Valentine's Day, providing us with a well-timed opportunity to show some additional love for our members.”
The 2012 Owner Participation Dividend brings the total payout over the past five years to nearly $10 million, the Lenexa, Kan.-based credit union said.
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