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| Supplemental Dividend Distribution |
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| Posted: Jan 30, 2008 |
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Your Credit Union has just completed another excellent year and, based on these strong financial results, the Board of Directors has approved a record supplemental dividend of $15,000,000 that was distributed to members in January. This represents the fourteenth time that the Board of Directors has approved a supplemental dividend distribution while maintaining the Credit Union’s strong capital base. This year’s amount exceeds the previous year’s distribution by $2,500,000 and is equal to an additional 80 basis points in dividends earned by members.
This past October we celebrated our 60th anniversary and the Board, Management Team and staff would like to thank you, our members, for your continuing loyalty to this institution. We remain dedicated to providing you with quality financial services while preserving the financial soundness that you expect from an organization worthy of your trust.
This year’s supplemental dividend stands as a testament to the continuing support of our most loyal depositors and to all of our members, who rely on the Credit Union for high-quality financial products and exceptional member service. The dividends were credited to member accounts on January 30th, 2008; members should have received a notification of the dividend amount deposited via mail.
As we look forward into 2008, we remain committed to meeting your financial needs and we greatly appreciate your continued support. Best wishes for the New Year. |
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