TTCU Paid Out Nearly $3 Million In Bonus Dividends During 2018

TTCU

TULSA, Okla.–TTCU FCU announced it paid out nearly $3 million to its members in the form of member rewards dividends during 2018. The credit union said the payout of $2,984,000 was a 6% increase over 2017.

TTCU reported it made $375 million in loans during the year, much of which was driven by refinancings. At the same time, the credit union said it has reduced its delinquency rate to 0.55%.

Rewards dividends are also paid for having a checking account with TTCU, which reported it saw an increase in members with checking during the year.

During Q4, TTCU said paid out $755,139 in member rewards dividends.

Section: Standard
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Copyright Holder: CUToday.info
Copyright Year: 2019
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URL: http://www.cutoday.info/THE-news/TTCU-Paid-Out-Nearly-3-Million-In-Bonus-Dividends-During-2018