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ABOUT COMMUNITYAMERICA
Press Releases Archive
CommunityAmerica Continues Commitment to Members Through Dividend Payment
Lenexa, Kan. ( 01/29/2009) -- CommunityAmerica Credit Union today paid a dividend of $500,000 to its member-owners. Individual payment amounts are based on the member's use of the credit union's products and services.
"The dividend is the unique, credit-union way of saying 'thank you' to all members who contributed to our mutual success in the past year," said Dennis Pierce, Chief Executive Officer for CommunityAmerica. "Unlike banks, which are owned by investors, credit unions are not-for-profit financial cooperatives owned by members and operated for the benefit of those members."
The 2009 Owner Participation Dividend marks the 13th consecutive annual payout and brings the total bonus dividend paid in that period to more than $14 million, he said.
"For more than 60 years, the credit union has been sharing its success with our members through an Ownership Participation Dividend," Pierce said. "Our members choose CommunityAmerica because we offer them advantages that credit unions exclusively deliver, including our financial, service, social and values advantages."
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