$55 Million Extraordinary Dividend Distributed to CEFCU Members

A $55 million Extraordinary Dividend was approved by CEFCU’s Board of Directors and distributed to the Credit Union’s member/owners, matching last year’s record as the largest Extraordinary Dividend in CEFCU’s history. The amount returned to members in good standing is divided between savers and borrowers, with a portion also being returned to Debit Card users. On December 2, funds were deposited to members’ Savings accounts.

Over the last 25 years, CEFCU has returned nearly $600 million dollars in Extraordinary Dividends to members. CEFCU Board Chair, Joe Needham, stated, “The CEFCU Board of Directors is pleased to approve this year’s Extraordinary Dividend — a reflection of how CEFCU provides meaningful value to member/owners every day.”

Matt Mamer, CEFCU President/CEO, added, "Credit Unions exist for members, not for profit. That structure allows us to return profits to member/owners. Thank you to members for your continued support of YOUR Credit Union, and to the CEFCU team for your continued dedication to serving members and helping them reach their financial goals!”

Members can learn more about this year’s Extraordinary Dividend at cefcu.com/dividend.

With assets totaling more than $8 billion, CEFCU serves over 415,000 members through 21 Central Illinois Member Centers, 4 Metro East Illinois Member Centers and 7 California Member Centers; the CEFCU Financial Center; the CEFCU ATM Network; CEFCU’s website, cefcu.com; the surcharge-free Co-op ATM Network; and the CU Service Center Shared Branch Network.