Los Angeles Firemen’s Credit Union Pays $3 Million in Extraordinary Dividend Bonuses and Interest Refunds
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.
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.
President/CEO
Los Angeles Firemen's Credit Union
T: 800.231.1626 ext. 2240
F: 323.550.2241
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