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A credit union in Tennessee and one in Iowa have returned $8.7 million in special dividends to their members, paying more than $26 per member.
Dupaco Community Credit Union in Dubuque, Iowa ($2.9 billion in assets, 153,953 members) paid members $3.7 million Oct. 20 as bonus patronage dividends. The amount represents about $26 per member and 13 bps of its ROA of 0.02% for the 12 months ending Sept. 30.
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