Wednesday, December 2, 2020

$30 MILLION EXTRAORDINARY DIVIDEND DISTRIBUTED TO CEFCU MEMBERS

Peoria, IL – A $30 million Extraordinary Dividend was approved by CEFCU’s Board of Directors and distributed to the Credit Union’s member/owners.  The amount each member received was determined by dividends earned and interest paid during the first 11 months of the year.  On December 1, funds were deposited to members’ Savings accounts.

Over the last 21 years, CEFCU has returned $350 million in Extraordinary Dividends to members.  CEFCU Board Chairman, Matt Jolliff, stated, “CEFCU’s strong financial results and continued member loyalty have made another Extraordinary Dividend available for members.”

Mark Spenny, CEFCU President/CEO, added, “This year, more than ever, CEFCU continues to live up to the credit union’s philosophy of “people helping people.” Thank you to members for your continued support, and to CEFCU staff for providing outstanding member service while maintaining operational efficiencies.”

Members can learn more about this year’s Extraordinary Dividend at cefcu.com/dividend.

With assets totaling over $6.9 billion, CEFCU serves nearly 355,000 members through 22 central Illinois Member Centers and 5 California Member Centers; 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.

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