The $4.8 billion Citizens Equity First Credit Union of Peoria, Ill., said a record extraordinary dividend of $12 million has been distributed to its members.
This dividend was based on members' savings and loan activity during 2013, with $6 million going to borrowers and $6 million going to savers. The amount each member received was determined by dividends earned and interest paid during the first 11 months of the year, the big Illinois credit union said.
On Dec. 16, dividends were deposited to members' savings accounts. Over the past 14 years, CEFCU has returned $75 million in extraordinary dividends to members.
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