The Board of Directors of Wright-Patt Credit Union (WPCU), has announced that on Jan. 3, 2019, the credit union will distribute $8.6 million among eligible members in the form of a Special Patronage Dividend. Since 2008, WPCU has returned more than $65 million in excess earnings to members.
“We're very proud to be able to give back $8.6 million to our members after another exceptional year. Through the active participation of our loyal members and the prudent management of our resources, Wright-Patt Credit Union continues to thrive," said Doug Fecher, the credit union's president and CEO.
This year's payout marks the tenth consecutive year that WPCU has returned excess earnings to members through the Special Patronage Dividend program.
“Everything we do is designed to improve the lives of our members and enrich the local communities we serve. As we celebrate the tenth consecutive year of the Special Patronage Dividend program, we're pleased to once again reward our members who help make our success possible," he said.
Active members in good standing with WPCU on the announcement date of Dec. 3 and at the payment date of Jan. 3 are eligible for a share of the 2018 Special Patronage Dividend, which is calculated by member participation throughout the year. The more members take advantage of different accounts and services offered by WPCU, the larger their share at the end of the year.
“Our ability to provide our members with a Special Patronage Dividend is a direct result of Wright-Patt Credit Union's commitment to providing value to our members and helping them achieve financial freedom. When we do it well, we celebrate!" said Tracy Szarzi-Fors, Vice President of Marketing and Business Development.
“As a not-for-profit member-owned financial cooperative, those who use us for their financial needs, should benefit. Our Special Patronage Dividend is one of the ways Wright-Patt Credit Union is different from other financial institutions. Our goal is to help our members keep more of their hard-earned money every day," she said.
Some members may be eligible to receive hundreds of dollars due to their relationships with the credit union. On Jan. 3, members can log into their account through Online or Mobile Banking to find out their share of the Special Patronage Dividend, which will be automatically deposited into their TrueSaver® savings account.
Download the Press Release here.