Here are some details on the other seven special dividends:

Bank-Fund Staff FCU ($6.4 billion in assets, 90,149 members) paid members $7 million in January. The supplemental dividend represents about $78 per member and 12 bps of its ROA of 0.84% for the 12 months ending Sept. 30.
Nusenda CU ($3.7 billion, 233,970 members) paid members $6.6 million end of January as special dividends. The amount represents about $28 per member and 20 bps of its ROA of 0.98% for the 12 months ending Sept. 30.
evolve Federal Credit Union, El Paso, Texas ($361 million, 18,172 members) paid members $2 million in January as a Patronage Dividend. The amount represents about $110 per member and 57 bps of its ROA of 0.58% for the 12 months ending Sept. 30.
Charter Oak Federal Credit Union, Waterford, Conn. ($1.5 billion, 83,867 members) paid members $767,500 in December as Gold Rewards bonuses. The amount represents about $9 per member and 5 bps of its ROA of 0.79% for the 12 months ending Sept. 30.
Clark County Credit Union, Las Vegas ($1.1 billion, 49,099 members) paid members $2.4 million Jan. 21 as Bonus Dividends. The amount represents about $49 per member and 23 bps of its ROA of 1.2% for the 12 months ending Sept. 30.
Heartland Credit Union, Hutchinson, Kans. ($473.4 million, 31,779 members) paid members $550,000 Jan. 21 as Bonus Dividends. The amount represents about $17 per member and 13 bps of its ROA of 2.62% for the 12 months ending Sept. 30.
OTIS Federal Credit Union, Jay, Maine ($227.1 million, 11,077 members) paid members $261,212 Jan. 1 as a 5% Bonus Dividend and Interest Refund. The amount represents about $24 per member and 12 bps of its ROA of 0.36% for the 12 months ending Sept. 30.

So far this season, 38 credit unions ($122 billion, 6.6 million members) have announced $264.2 million in special dividends. The amount represents about $40 per member and 23 bps of their 12-month ROA of 1.27%.

Instant Insights /

8 CUs Pay Out Nearly $20M in Special Dividends

Related Stories

Recommended For You