San Antonio, TX (March 11, 2026) |
In celebration of its 70th anniversary, San Antonio Citizens Federal Credit Union announced today a one-time patronage dividend to eligible members, reinforcing the cooperative principle that participation creates shared success.
Unlike traditional financial institutions, credit unions are member-owned. Patronage dividends allow credit unions to return excess earnings to the members whose participation helps generate them. Dividend amounts vary based on each member’s level of engagement with the credit union, including account balances and loan activity. Some members will receive modest amounts, while others will receive significantly larger dividends.
“This dividend is a tangible reminder that when members actively participate, everyone benefits,” said Steven Shaffner, President and CEO. “Our 70-year milestone belongs to our members as much as it belongs to us.”
The dividend will be deposited directly into eligible members’ accounts. This one-time patronage dividend reflects the Credit Union’s strong financial performance and commitment to cooperative values.