This year’s Bonus Dividend distribution of $2,408,542.92 brings CCCU’s Bonus Dividend historic grand total to $70,727,782, putting millions of dollars back into the Southern Nevada economy over the last 22 years.
Each member’s Bonus Dividend is calculated based on the average annual daily balances and how long the account is open, for both deposits and loans of any type including auto loans, credit cards, new home construction loans or commercial loans.
“The more you participate and use CCCU as your financial institution, the higher your Bonus Dividend can be,” said Matt Kershaw, President and CEO of CCCU. A Bonus Dividend Estimator is available at the credit union’s website to see what a potential dividend could be if accounts were opened or moved to CCCU.
Members often choose to save or spend their dividend in creative ways. Member June B. said, “Each year I put my dividend towards my grandsons’ 529 college funds. I have 3 grandsons, so I alternate years. I see it as another bonus to my membership that no other bank offers.”
The average Bonus Dividend per member was $49.11. The extra money can be used to add to savings, pay down a bill or even on a fun splurge, as many of our members have done over the years.
A member since he was three years old, Erik D., now in his early 50s, said, “CCCU is the only financial institution I’ve known so the Bonus Dividend is a normal thing for us. Currently, our youngest is in college so the dividend usually goes to travel expenses for her to go to or from school.”
