Home Business & Finance Enterprises Dupaco Pays $3.6 Million Bonus Dividend

Dupaco Pays $3.6 Million Bonus Dividend

Earlier today, 58,665 participating Dupaco Community Credit Union members received their share of $3.6 million in bonus dividends for 2019. The special payout was part of the credit union’s nine-month program called Thank Use. The timeframe to earn Thank Use was Jan. 1 through Sept. 30. The participating member payout coincided with International Credit Union Day on Thursday, October 17.

Thank Use is a way to demonstrate the power of Dupaco’s member-owned, cooperative structure.

The Thank Use campaign rewarded members in relation to each member’s active participation in the credit union. Those recognized services included loans, savings, checking, insurance, investments, debit card, credit card, mobile deposit, credit score monitoring, and e-statements.

As a group, members earned an additional dividend as a result of more than 53,500 members participating in Thank Use 2019.

An active share draft checking account was required to unlock the payout.

The average dividend this year was $62. This is the fourth consecutive year a bonus dividend has been paid. Since 2016, Dupaco has paid directly to member/owners more than $12.3 million in Thank Use participation dividends. The credit union is making plans for a 2020 Thank Use participation dividend for members.

Members can view their dividends by logging into Dupaco’s Shine Online Banking.

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