FORT WORTH–American Airlines Federal Credit Union said it paid more than $12 million in bonus dividends to qualifying member-owners on Dec. 19, 2015.
The bonus dividend was based on dividends earned on qualifying share accounts and/or interest paid on applicable loans. The savings portion of the dividend was calculated on share dividends earned through Nov. 30, 2015, and the loan interest portion of the bonus dividend amount was calculated on interest paid through Nov. 30, 2015.
“Giving back to our member-owners is one of the primary benefits of credit union membership,” said Angie Owens, American Airlines Credit Union president and CEO, in a statement. “We're happy to once again reward our members for their loyalty and product diversity while demonstrating our continued strength, efficient business practices, and sound lending decisions.”
To recognize the most active and loyal members, an additional $50 bonus was distributed to those who actively participated in three or more of the eight major account categories.