Press

Members Earn 4.50% APY With Bonus Dividend

OGDEN, UT: November 23, 2012 – Continuing a nine year tradition, the Goldenwest Credit Union Board of Directors has declared a bonus dividend for their membership. The credit union will pay 4.50% Annual Percentage Yield on shares for the month of December.

Goldenwest bonus dividends have varied from year-to-year based on market conditions and the overall performance of the credit union. For December 2012, members will earn the bonus dividend of 4.35% APY. Combined with the regular monthly dividend of 0.15% APY, total earnings on share savings will be 4.50% APY for December.

“It’s been a good year for Goldenwest,” said Bill Hart, Goldenwest Chairman of the Board. “Thanks to the support of our members and efforts of our management team, we are able to return $600,000 through the bonus dividend program.”

The one-time dividend of 4.35% APY is paid on primary shares, secondary shares, Christmas Club shares, and IRA shares. Based on the average daily balance of shares during 2012, the bonus dividend is paid for the month of December.

“We’re excited about the direction our credit union is moving,” said Kerry H. Wahlen, Goldenwest President/CEO. “In 2012 we opened offices in Lehi and Centerville, providing a stronger branch network for our members. We posted record numbers for mortgage origination, and worked hard to get return on assets close to 1.50%.”

Founded in 1936, Goldenwest serves more than 86,000 members, holds $806 million in assets, and operates 20 branches throughout Utah with offices in Weber, Morgan, Davis, Salt Lake, Utah and Washington Counties.

---