For the second consecutive year, a $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 December 2, 2019, funds were deposited to members’ Savings accounts.
Over the last 20 years, CEFCU has returned $330 million in Extraordinary Dividends to members. CEFCU Board Chairman, Erec Montgomery, stated, “CEFCU’s strong financial results and continued member loyalty have made another Extraordinary Dividend available for members.”
Mark Spenny, CEFCU President/CEO, added, “CEFCU is a credit union; a member-owned financial cooperative. Operating as such allows CEFCU to share the benefits of a strong year with members, and those financial results allowed for a $50 million Extraordinary Dividend! 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 https://www.cefcu.com/promos/dividend.
With assets totaling over $6.1 billion, CEFCU serves over 345,000 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.