A $35 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, 2016. On the evening of December 12, funds were deposited to members’ Savings accounts.
Over the last 17 years, CEFCU has returned $190 million in Extraordinary Dividends to members. CEFCU Board Chairman, Nancy Medendorp, stated, “Once again, CEFCU showed strong financial results. That, along with the continued support and loyalty of CEFCU member/owners, made another large Extraordinary Dividend available for members.”
Mark Spenny, CEFCU President/CEO, added, “As a credit union, CEFCU is a member-owned financial cooperative. Operating as such allows CEFCU to share the benefits of a strong year with members, not outside stockholders. I want to thank members for their continued support and CEFCU staff for consistently providing members with superior service to help them achieve their financial goals and dreams.”
Members can learn more about this year’s Extraordinary Dividend at cefcu.com/dividend.
With assets totaling over $5.5 billion, CEFCU serves over 320,000 members through 20 central Illinois Member Centers and 4 Member Centers in Santa Clara County, California; the CEFCU Financial Center; the Money Center 24 ATM Network; CEFCU’s website, cefcu.com; the surcharge-free CO-OP ATM Network; and the CU Service Center Shared Branch Network.