GREENVILLE, S.C—MTC Federal Credit Union said it is paying a $1,000,000 “Relationship Dividend” to its members.
The Relationship Dividend is to reward and thank the members for their loyalty, according to the credit union, which announced the reward at its 40th annual meeting here.
"The payment of the Relationship Dividend proves our commitment to serve our members," said MTC Federal CEO, Bill Love, in a statement. “The Relationship Dividend is the result of the credit union's financial strength, diverse product offering and active usage of the membership.”
The $160-million CU has 17,000 members.