RECORD $40 MILLION EXTRAORDINARY DIVIDEND TO BE DISTRIBUTED TO CEFCU MEMBERS

-
A record $40 million Extraordinary Dividend was recently announced by CEFCU’s Board of Directors and will be 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, 2014.  On December 16, dividends will be deposited to members’ Savings accounts.
         
            Over the last 15 years, CEFCU has returned $115 million in Extraordinary Dividends to members.  CEFCU Board Chairman, Brad Arnold, stated, “This Extraordinary Dividend is the largest in the history of the Credit Union.  CEFCU continues to see strong financial results, and this success is due in no small part to the continued loyalty of member/owners.” 

          Mark Spenny, CEFCU President/CEO, added, “CEFCU is a strong financial institution.  Members handle their finances in an extremely responsible manner, which means the Credit Union has low loan losses.  In addition, members are very loyal, and are committed to doing more of their business with CEFCU.  As a member-owned financial institution, the Credit Union’s staff and the volunteer Board of Directors work diligently to keep the best interest of member/owners at the forefront of every decision we make.  When a credit union’s business is even better than projected, members share in those benefits — which this year resulted in a $40 million Extraordinary Dividend!  It’s members’ money, and that is what makes CEFCU not a bank. Better!”

          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 300,000 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.

Comments

Post a Comment

Popular posts from this blog

Local High School to Win a SMART Board in 5th Annual Recycle Your Style Contest

-
Goodwill of Central Illinois will hold the 5th Annual Recycle Your Style Contest. High school students within Goodwill’s territory are encouraged to donate their used clothing. The high school that donates the most pounds of clothing will win a SMART Board donated by Bradfield’s Computer Supply. The contest runs from October 1st through October 31st. “This has been a very successful campaign for us,” said Bob Parkhurst, Goodwill Vice President. “We are grateful for Bradfield’s Computer Supply’s donation of a SMART Board each year. That prize really heats up the competition among the high schools.” Donations of items other than clothing are encouraged, but only clothing will count toward the contest. Only high schools are eligible, but others can participate including teachers, family and school supporters. Donors need to tell the Goodwill donation attendant which high school they are supporting for their donation to be counted. Donations can be made at any of Goodwill’s nine stores o
Read more

Methodist Offers Free Informational Heart Program

-
January 29, 2010 Methodist Medical Center is hosting a free “Coffee with the Doctor” on Saturday February 27, 2010 in observance of National Heart Month. Tahir Ilahi, M.D. of the Methodist Medical Group Cardiology will be making a presentation on “Cholesterol and Your Heart”. Registered Dietician Hannah Lee will also be on hand to demonstrate heart healthy meal preparation. “Coffee with the Doctor” will be held from 10:00 a.m. to noon at the Methodist Medical Group Cardiology Conference Room at 112 NE. Crescent Ave in Peoria. The event is free but space is limited. Reserve your seat by calling 671-5121.
Read more

Yesterday's Says Goodbye to the Past: Welcoming the Next Generation of Schramm | Pekin Restaurant Week 2023

-
Image
  Yesterday's Says Goodbye to the Past: Welcoming the Next Generation of Schramm Pekin, IL- Yesterday’s Bar & Grill isn’t the same these days, and Pekin is here for it ! Pekin Restaurant Week couldn’t be a better reason to see (and taste) the changes. Family owned for nearly three decades, YBG has been taken on by the next generation of Schramm: Chef JoElle.   Chef JoElle has returned to her hometown to take up the torch of family business. With a bachelor’s degree in restaurant management and culinary arts, she had pursued upscale dining scenes of the Windy City for several years, returning to help family as the world faced the COVID-19 pandemic.   “I returned when the world shut down,” says Chef JoElle, now owner of Yesterday’s Bar and Grille. “Being close to help my family was just the right decision.”   Chef JoElle’s innovative restaurant management mindset helped to keep revenue incoming, pivoting the business to offer oven ready meals of everything from whole
Read more