FITCHBURG, Mass.– For the third year in a row, Workers' Credit Union has paid its members a bonus dividend.
WCU has paid more than $3 million into members' accounts based on account and loan balances during 2015.
"Even though this is our third payout, we continue to receive very positive feedback," said Doug Petersen, president and CEO. "There aren't too many financial institutions that offer this unique payout."
The payout was a 20% increase over last year, with Workers CU saying growth in membership and lending were the primary reason for the increased payout.
"We saw overall assets grow 14.1% to $1.31 billion," Petersen said.
He added that the board of directors approved the new round of payments because the CU’s capital ratio has grown to 11.8%.
Workers' members are being asked to share their feedback by posting a photo and comments on Facebook. Participants have a chance to win $500.
"It is a great way to inspire us to do even more when we hear the great feedback from our members," Petersen said.
Additional information on the "GiveBack Program" and how the payout is calculated can be found at www.givebackcalculator.com.