Record $55 Million Extraordinary Dividend Distributed to CEFCU Members

Peoria, IL – A record $55 million Extraordinary Dividend was approved by CEFCU’s Board of Directors and distributed to the Credit Union’s member/owners. The amount returned to members in good standing is divided between savers and borrowers, with, starting this year, a portion also being returned to Debit Card users. On December 2, funds were deposited to members’ Savings accounts.
 
Over the last 24 years, CEFCU has returned half a billion dollars in Extraordinary Dividends to members. CEFCU Board Chair, Joe Needham, stated, “The Credit Union’s Volunteer Board of Directors is pleased to be able to approve this year’s Extraordinary Dividend — it is just one of the many ways that CEFCU consistently delivers better to member/owners each and every day.”
 
Matt Mamer, CEFCU President/CEO, added, “Credit Unions exist for members, not for profit; so, when business is good, those benefits are returned to the member/owners. We are pleased now to be able add in that a portion of the Extraordinary Dividend be returned to members that use their Debit Card for everyday transactions. Thank you to members for the continued support of YOUR Credit Union, and to the CEFCU team for your dedication to serving members and working with them to achieve their financial goals!”
 
Members can learn more about this year’s Extraordinary Dividend at cefcu.com/dividend.
 
With assets totaling over $7.8 billion, CEFCU serves over 402,000 members through 22 Central Illinois Member Centers, 4 Metro East Illinois Member Centers and 7 California Member Centers; the CEFCU Financial Center; the Money Center 24 ATM Network; CEFCU’s website, cefcu.com; the surcharge-free Co-op ATM Network; and the Co-op Shared Branch Network.