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.