By WMBD TV
BLOOMINGTON -PEORIA, Ill. (WMBD) — CEFCU members might notice an extra deposit in their savings accounts, and debit card users may also see one.
The credit union’s board of directors approved a $55 million Extraordinary Dividend, matching last year’s record as the largest in CEFCU’s history, the release said.
The amount returned in deposits to members in good standing, dated Dec. 2, is divided between savers and borrowers.
This dividend factors into the $565 million in Extraordinary Dividends returned to members over the last 25 years. CEFCU Board Chair, Joh Needham, said it’s “a reflection of how CEFCU provides meaningful value to member-owners every day.”
“Credit Unions exist for members, not for profit. That structure allows us to return profits to member/owners,” added Matt Mamer, CEFCU President/CEO.
CEFCU assets total more than $8 billion, with more than 415,000 CEFCU members through 21 Central Illinois Member Centers, four Metro East Illinois Member Centers, and seven California
Member Centers; the CEFCU Financial Center; the CEFCU ATM Network; CEFCU’s website, cefcu.com; the Co-op ATM Network; and the CU Service Center Shared Branch Network.
More information is available about CEFCU’s 2025 Extraordinary Dividend on the credit union’s website.
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