CEFCU Distributes $40M Extraordinary Dividend

Peoria, IL – A $40 million Extraordinary Dividend was approved by CEFCU’s Board of Directors and distributed to the Credit Union’s member/owners.  The amount each member will receive was determined by dividends earned and interest paid during the first 11 months of the year, as of November 30, 2017.  On the evening of December 11, funds were deposited to members’ Savings accounts.

Over the last 18 years, CEFCU has returned $230 million in Extraordinary Dividends to members.  CEFCU Board Chairman, Bob Metzinger, stated, “2017 was a strong year for CEFCU. With outstanding financial results and the continued support and loyalty of CEFCU members/owners, another large Extraordinary Dividend was returned to members.” 

Mark Spenny, CEFCU President/CEO, added, “As a credit union, CEFCU is a member-owned financial cooperative.  This means that when the Credit Union does well, the money goes right back to the members, and not outside stockholders.  I want to thank members for their continued support and CEFCU staff for consistently providing members with superior service to help them achieve their financial goals and dreams.” 

Members can learn more about this year’s Extraordinary Dividend at cefcu.com/dividend.With assets totaling nearly $5.8 billion, CEFCU serves over 327,000 members through 22 central Illinois Member Centers and 4 Member Centers in Santa Clara County, California; the CEFCU Financial Center; the Money Center 24 ATM Network; CEFCU’s website, cefcu.com; the surcharge-free CO-OP ATM Network; and the CU Service Center Shared Branch Network.