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CTCU Pays Bonus Dividends Totaling More Than $450,000
Friday, January 12, 2018 6:45 AM

Tyler, Texas-based Cooperative Teachers Credit Union has announced that a bonus dividend of $95,000 (with a minimum payout of $5) was paid to its member owners in December 2017.

The board of directors approved paying the one-time bonus dividend to dividend-eligible Regular Shares and Investors accounts.

When the credit union does well, their members share in those benefits. This was the fifth consecutive bonus dividend paid, totaling more than $450,000.

“Chartered by a group of Smith County Educators in 1953, our roots run deep," said Tim Miller, CEO of CTCU. "We’ve grown in assets, members and offerings, and we’ve even extended our banking services to seven surrounding counties. Our commitment to personal service and an honest, caring approach will never change, as evidenced by the bonus dividend, CUDoGood community campaign, community and school donations, financial literacy education, and more.”

It is becoming less frequent that credit unions pay bonus dividends, the credit union said, so that they were able to do so again this year is a great accomplishment for CTCU. This bonus dividend approximately equaled an additional 2-1/2 months of extra dividends for the members who received it.

As a community-founded, not-for-profit financial cooperative, CTCU is owned by its members. For more information about CTCU, visit coopteachers.com or call at 903-561-2603.