Stockton, Calif. � For the second year in a row, Stockton based Financial Center Credit Union member/shareholders 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 once again declared an extraordinary dividend of greater than $4 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 demonstrates the cooperative difference, returning money to the contributing shareholders who have helped build upon the Credit Unions success. Coming off our 60
th Anniversary year, what better way to celebrate Financial Centers accomplishments then returning its 2014 net income back to the member/shareholders?"
At the end of 2013, the Board of Directors declared a $4.8 million dividend. This time, the dividend equals just over $4.2 million. Both years, the dividend was based on the total net income for the year.
Financial Center 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.
About Financial Center Credit Union
Founded in 1954 by 11 San Joaquin county employees, Financial Center Credit Union serves more than 31,000 members, with $380,000,000 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. Discover today why Financial Center Credit Union is "Better Than A Bank!"
