For the second consecutive year a $40 million Extraordinary Dividend was recently announced by CEFCU’s Board of Directors and distributed to the Credit Union’s member/owners. The amount each member will receive was determined by dividends earned and interest paid during the first 11 months of the year, as of November 30, 2015. On December 10, funds were deposited to members’ Savings accounts.
Over the last 16 years, CEFCU has returned $155 million in Extraordinary Dividends to members. CEFCU Board Chairman, Joe Needham, stated, “CEFCU’s strong financial results and continued member loyalty have made another large Extraordinary Dividend available for members.”
Mark Spenny, CEFCU President/CEO, added, “CEFCU is a credit union; a member-owned financial cooperative. Operating as such allows CEFCU to share the benefits of a strong year with members…and, again this year, those great financial results allowed for a $40 million Extraordinary Dividend! Thank you to members for your continued support, and to CEFCU staff for diligently providing members with superior service to ensure they can reach their financial goals.”
Members can learn more about this year’s Extraordinary Dividend from CEFCU’s President/CEO, Mark Spenny, at cefcu.com/dividend.
With assets totaling over $5 billion, CEFCU serves over 313,000 members through 20 central Illinois Member Centers and 3 Member Centers in Santa Clara County, California; the CEFCU Financial Center; the Money Center 24 ATM Network; CEFCU’s website, cefcu.com; CEFCU’s Mobile website, m.cefcu.com; the surcharge-free CO-OP ATM Network; and the CU Service Center Shared Branch Network.