John Parillo, who was appointed president/CEO of Tyndall in August, said the credit union balances using profits to foster the business and rewarding its owner members with the Tyndall Giveback.

“Our focus is to create long-term, tangible value for our members by reinvesting in our business, allowing all to benefit from the compounding effect of those investments, which includes improved technology, competitive rates, and lower fees,” Parillo said.

“At the same time, we are proud to return capital and earnings to our members through initiatives like this special dividend, demonstrating our unwavering commitment to their financial well-being,” he said.

The eight other credit unions announcing special dividends are:

• CoVantage Credit Union of Antigo, Wis., 90 miles northwest of Green Bay ($3.7 billion, 171,049 members), which is paying members $6.5 million Dec. 31as a patronage payment. The amount represents about $38 per member and 18 bps of its ROA of 0.63% for the 12 months ending Sept. 30.
• Goldenwest Federal Credit Union of Ogden, Utah ($3.4 billion, 193,174 members), which is paying members $3.5 million Jan. 1 as a Golden Rewards Loyalty Bonus. The amount represents about $18 per member and 11 bps of its ROA of 1.50% for the 12 months ending Sept. 30.
• ACIPCO Federal Credit Union of Birmingham, Ala. ($201.4 million, 8,699 members), which paid members $2.7 million Dec. 15 as an Interest Rebate/Bonus Dividend. The amount represents about $307 per member and 135 bps of its ROA of 0.41% for the 12 months ending Sept. 30.
• Firefighters First Federal Credit Union of Los Angeles ($2.2 billion, 68,125 members), which is paying members $2.5 million Dec. 31 as a profit sharing program. The amount represents about $37 per member and 12 bps of its ROA of 0.75% for the 12 months ending Sept. 30.
• Scott Credit Union of Edwardsville, Ill. ($1.7 billion, 143,922 members), which is paying members $1 million as a bonus dividend and loan interest rebate. The amount represents about $7 per member and 6 bps of its ROA of 0.48% for the 12 months ending Sept. 30.
• Sentry Credit Union of Stevens Point, Wis. ($143.7 million, 6,990 members), which paid members $1 million in mid-December as a special dividend. The amount represents about $143 per member and 70 bps of its ROA of 0.88% for the 12 months ending Sept. 30.
• Signet Federal Credit Union of Paducah, Ky. ($354.7 million, 19,914 members), which is paying members $500,000 Jan. 2 as a Loan Interest Rebate. The amount represents about $25 per member and 14 bps of its ROA of 0.91% for the 12 months ending Sept. 30.
• Ravalli County Federal Credit Union of Hamilton, Mont. ($74.8 million, 5,924 members), which paid members $108,000 Dec. 20 as a Special Patronage Dividend. The amount represents about $18 per member and 14 bps of its ROA of 2.23% for the 12 months ending Sept. 30.

Credit unions interested in sharing their special dividend announcements can email them to [email protected].