In appreciation of your continued loyalty and support, and as a means of tangibly sharing with our member-owners the successes of 2019, your BFSFCU Board of Directors has approved a supplemental dividend of $12,500,000. We are proud to be able to distribute – for the 25th time – an annual supplemental dividend to our members.
On January 22nd, each qualifying member will receive:
|(ii)||an amount equal to the total of the average daily balances maintained during 2019 in your Share and Share Certificate accounts, multiplied by a distribution factor of 0.279%.|
The dividend will be deposited to each individual account based on the average balance maintained in that account during 2019. Dividends earned on Share and Share Certificate accounts that have since been closed will be deposited in an open account with the same ownership.
Please review your monthly account statement or your account history within Digital Banking to see the dividend amounts deposited.
Members qualifying for the supplemental dividend must be active members with share and loan accounts in good standing during 2019 and at the time of dividend posting on January 22, 2020. Eligible members must not have:
|(i)||caused a financial loss to the Credit Union;|
|(ii)||loan accounts that were delinquent 45 days or more as of dividend posting;|
|(iii)||share accounts that were overdrawn 45 days or more as of dividend posting.|
We are grateful for the continued support of all of our members and wish you a prosperous 2020!
-The Board of Directors