Whitefish Credit Union gives back to members with highest dividend rate in seven years
WHITEFISH, MT (January 31, 2018) — Whitefish Credit Union announced a 1.08% dividend for the six- month period ending on December 31, 2017. This dividend represents a 15% increase from the 0.94% dividend declared on June 30, 2017. The credit union has paid over $12.5 million in dividends to its more than 55,000 member-owners over the past year, which represents the largest dividend paid since 2010.
“What makes banking with a financial cooperative unique is account holders sharing in the success of the credit union,” said Jim Kenyon, President and CEO of Whitefish Credit Union. “We are proud to return to our members the largest dividend in the past seven years, while also maintaining our position as one of the strongest financial institutions in the state.”
The dividend outperforms the national average for a savings account by more than five times, and it exceeds the interest rate of most money market and certificate deposit accounts. Whitefish Credit Union does not require a minimum balance, or a deposit term, for members to receive dividends on their share accounts. Dividends are based on the average daily balance of an active share account, and they are paid semiannually.
About Whitefish Credit Union
Whitefish Credit Union is a not-for-profit financial institution and the largest credit union in Montana, with over 60,000 members and more than $2 billion in assets. As a member-centric financial cooperative founded in 1934, Whitefish Credit Union has been a trusted financial partner to its consumer and commercial customers for generations. The credit union offers a comprehensive suite of financial products and services, including online checking, savings, and certificate (CD) accounts, home equity and mortgage-lending services, business and equipment loans, auto and vehicle financing, and a low fixed rate credit card. With an unwavering community focus, Whitefish Credit Union supports countless organizations throughout Northwest Montana every year. Credit union membership is open to residents in Northwest Montana.
For more information about Whitefish Credit Union, visit www.whitefishcu.com.
