The Board of Directors of Wright-Patt Credit Union (WPCU) announced the credit union would distribute over $10 million among eligible members in the form of a Special Patronage Dividend on Jan. 3rd, 2020 marking this the largest dividend distribution in the credit union's history. Since 2008, WPCU has returned over $75 million in excess earnings to its members across 11 years of consecutive dividends.
“It's our way of thanking our members for their use of their credit union," said Doug Fecher, president and CEO of WPCU. “We've had another successful year and when the credit union does well, we celebrate with the membership. That's part of the credit union difference!"
“The Special Patronage Dividend is never guaranteed," explained Tracy Szarzi-Fors, Vice President of Marketing and Business Development. “Our members make this possible and the more our members take advantage of our services the more everyone benefits."
Eligible members could have received up to $19.00 just for having an active debit card and taking advantage of mobile and online banking. Some members may have received hundreds of dollars based on their extended relationships with the credit union.
"The more a member has used WPCU's services throughout the year, the more they will get back," Szarzi-Fors said. “The Special Patronage Dividend is more about being an active member of the credit union versus simply concentrating on just deposit and loan balances. The more relationships you have with the credit union the more your patronage dividend will be."
On January 3, 2020, the Special Patronage Dividend automatically deposited into members' TrueSaver® savings accounts . Eligible members can check their share of the Special Patronage Dividend by logging into mobile and online banking.
To learn more about WPCU's Special Patronage Dividend, please visit www.wpcu.coop/PD2019.
About Wright‐Patt Credit Union
Established in 1932, Wright‐Patt Credit Union is a member‐owned, not‐for‐profit financial cooperative proudly serving Central and Southwest Ohio with more than 397,000 members and over $5 billion in assets. As a cooperative, Wright‐Patt Credit Union joins members together, pooling financial resources to meet the needs of all. The pooled resources provide the capital to run a strong and efficient operation. Wright‐Patt Credit Union is headquartered in Beavercreek, Ohio, and has 31 Member Centers throughout Central and Southwest Ohio. Wright‐Patt Credit Union's mission is to help people through life by allowing members to achieve a greater degree of economic independence. Visit Wright‐Patt Credit Union's website at wpcu.coop for more information.
Download the Press Release here.