One of the benefits of credit unions is that our profits are awarded back to our members. If a credit union has a good year and its reserves and capital are in excess of what is necessary, it will often make a special end-of-year payout (dividend) to its members. However, in the last decade these additional dividends haven't been common in the credit union industry.
In appreciation for continued member loyalty, Century Federal has added an additional 0.25% to the dividend rate for all eligible Regular Share Savings Accounts the fourth quarter of 2017. This additional dividend was posted to member accounts on 12/31/17. We encourage members to review their transaction history through Online Banking for details about the specific amount posted to their eligible accounts.
(Published in January 2018)