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

Illinois Chamber, Government Affairs Report

-
Image
          GOVERNMENT AFFAIRS ------------ Report     July 12th, 2024    This Week in Illinois   President & CEO Sandoval Testifies in Senate Transportation Committee Hearing on Mass Transit and the Economy   On Tuesday, the first of at least six hearings on public transit was held at the Bilandic Building in Chicago. There is an anticipated funding gap that will arise for regional transit in 2026 after COVID-related federal funding has been exhausted. The budget deficit is projected to be $730 million to return to pre-pandemic service levels. This first Senate Transportation Committee hearing was on how transit suppor...
Read more

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