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CUs ENGAGE IN THEIR COMMUNITIES
01/05/15 02:22 PM
Holiday Fundraisers, Toy Drives
Scroll down to view the latest on how credit unions and industry affiliates across California and Nevada are donating time and money to help the communities they serve!
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From the Editors of CU Weekly
CLARK COUNTY CU AWARDS DIVIDENDS
01/22/15 02:07 PM
$2.7 Million to 34,000 Members
For Clark County CU, 2014 was a successful year as the credit union closed out with a healthy net worth ratio of 11.77 percent and recorded an annualized net income of nearly $12.3 million. This afforded the credit union to award a whopping $2.7 million in bonus dividends to nearly 34,000 members. Each bonus averages $79 per member, with the highest single bonus totaling just more than $10,000.
“This has been a year of growth and renewal for the credit union, our members and for the local economy,” said Wayne Tew, president and CEO of Clark County CU. “We were able to grant more vehicle and home loans than in any year since 2007. In addition, because we are a financial cooperative, we give back to our members the extra earnings from investments and operations.”
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