RECORD $50 MILLION EXTRAORDINARY DIVIDEND DISTRIBUTED TO CEFCU MEMBERS
A
record $50 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 the evening of November 30,
funds were deposited to members’ Savings accounts.
Over the last 19 years, CEFCU has returned $280 million in Extraordinary
Dividends to members. CEFCU Board Chairman, Todd Gwillim, stated,
“Because of members’ continued loyalty and trust, CEFCU has had another strong
year. For 2018, that success resulted in members receiving the largest
Extraordinary Dividend in CEFCU’s history! The Extraordinary Dividend is
a perfect example of what makes CEFCU Not a bank. Better.”
Mark Spenny, CEFCU President/CEO, added, “Credit Unions exist for members, not
for profit. When business is good, those benefits are returned to the
member/owners, and the Extraordinary Dividend is just another affirmation of
CEFCU’s commitment to members. It is rewarding to directly share our financial
success with members, the people that made it happen.”
Members can learn more about this year’s Extraordinary Dividend at
cefcu.com/dividend.
With assets totaling nearly $5.9 billion, CEFCU serves over 336,000 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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