St. Paul Postal Employees Credit Union in Woodbury, Minn., said it deposited $535,000, or nearly 20% of its 2012 earnings, into members' accounts on Jan. 10, 2013.
Through its VIP program, the 46,000-member credit union, which has $540 million in assets, said it paid out cash dividends of between $5 and $800 in automatic deposits to individual members' accounts.
''The cash payout to members is a way to thank them for choosing PCU as their primary financial institution,'' said Brian Sherrick, president of Postal Credit Union. ''Our team works hard to operate an efficient, well-managed organization, which is the reason we can offer this unique membership benefit.''
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