Home Business & Finance Enterprises Dupaco Declares $4.5 Million Bonus Dividend

Dupaco Declares $4.5 Million Bonus Dividend

More than 63,000 participating Dupaco Community Credit Union members will receive a share of nearly $4.5 million in bonus patronage dividends for 2020. The special payout to participating members will happened on Oct. 15, which coincided with International Credit Union Day. The dividend is 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 average dividend this year was $71. This is the fifth consecutive year a participation dividend has been paid. Since 2016, Dupaco has paid directly to member/owners more than $16.8 million in Thank Use.

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, and use of Dupaco fraud prevention tools.

This year’s payout numbers also include 4,859 of Dupaco’s youngest members, who learned the importance of making regular deposits to their credit union account and earned more than $121,000 through a special category called Boost.

An active share draft checking account was required to unlock the payout. Members can view their dividends by logging into Dupaco’s Shine Online Banking.

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