Credit Union Rewards Members with 4.8 Million Dividend

Stockton, Calif. Member/shareholders of the Stockton based Financial Center Credit Union are reaping the rewards of their ownership of the financial cooperative. Due to Financial Centers long standing favorable financial condition, and in celebration of its 60^th birthday, the Board of Directors has declared an extraordinary dividend of $4.8 million dollars. "While some members simply look at FCCU as a place to bank, the fact is, theyre shareholders and ownership truly makes the difference." said Michael P. Duffy, President/CEO of Financial Center Credit Union. �"This Member Loyalty Dividend is money that shareholders have earned through their ongoing loyalty and contributions to the financial cooperative." FinancialCenter is a different kind of financial institution due to its ownership structure. It was created in 1954 by 11 county employees to provide credit to members for the things they need. The mission is straightforwardgive our member/shareholders credit where its due, as well as return true value while ensuring the safety and soundness of the cooperative so that its able to continue well into the future. "Not many credit unions are able provide these kind of returns to their member/shareholders," said Duffy. "When other financial institutions had to limit their credit or even close their doors in recent years, FinancialCenter stood strong through and expanded during the "Great Recession". Were thrilled to be in this financial position where we can return true value to our shareholders"

About Financial Center Credit Union

Founded in 1954 by 11 San Joaquin county employees, Financial Center Credit Union serves more than 32,000 members, with $360,000,000 in assets, and five branches in the county. Financial Center serves employees of the San Joaquin County, City of Stockton, City of Manteca, and employees of numerous other sponsoring groups throughout California.