ROCK ISLAND, Ill.–Gas & Electric Credit Union here has paid a $250,000 year-end giveback to its members.
The funds were divided evenly, with $125,000 paid as a bonus dividend and $125,000 paid as loan interest refunds,
CEO Daryl Empen said it is the third time the credit union has given back funds in the last five years.
Separately, in Clarion, Penn., Clarion FCU said it is returning $300,000 to members based on their relationships with the credit union. CEO Mark Lauer said it is the third consecutive year Clarion has made such a payout, which now total $800,000.