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Los Angeles Firemen’s Credit Union Pays $3 Million in Extraordinary Dividend Bonuses and Interest Refunds

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At Los Angeles Firemen’s Credit Union, their members are truly shareholders. That’s why a portion of their profits are being returned directly to their members in the form of Extraordinary Dividend Bonuses and Interest Refunds. 

Maintaining a long tradition of paying out interest refunds and dividend bonuses, this year they are pleased to announce a record payout of over $3 Million in Extraordinary Dividend Bonuses and Interest Refunds to their members which equal's 30% of 2013 net income.

How They Did It

  • Constant improvements - competitive deposit accounts, loan products and convenience-based services rival those offered by other financial institutions.
  • Growth in membership - With each new fire department and new family members contributing to the success of the Credit Union, the rewards grow for our entire Fire Family.
LAFCU Demonstrates a Clear Difference

  • Extraordinary Dividend Bonuses and Interest Refunds are unique benefits among financial institutions and unheard of when it comes to large banks.
  • Extraordinary Dividend Bonuses and Interest Refunds enable Los Angeles Firemen’s Credit Union to truly demonstrate the board of director's intent to treat their members as member/owners and share in the credit unions success. 
2013 Amazing Member Payout!

  • LAFCU members earned over $1.5 Million in Extraordinary Dividends Bonuses from dividends earned on share, money market, certificate and IRA accounts.
  • Additionally, members earned nearly $1.5 Million in Interest Refunds from interest paid on most loans.
  • With this payout the credit union still continues to increase its capital ratio and maintain its safety and soundness. 
Proving One Important Point

  • The more business you do with Los Angeles Firemen’s Credit Union, the more you receive in return.
Michael L. Mastro
President/CEO
Los Angeles Firemen's Credit Union
T: 800.231.1626 ext. 2240
F: 323.550.2241

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