Fort Bragg Federal Credit Union Distributes Over $624,000 in Loyalty Dividends
Thursday, December 13, 2018
FAYETTEVILLE, NC (December 13, 2018) — Fort Bragg Federal Credit Union is proud to announce that it paid over $624,000 in Loyalty Dividends to over 23,900 qualifying member-owners on December 13, 2018. The Loyalty Dividend was based on deposit and loan balances of members who trusted Fort Bragg Federal Credit Union to assist them with their financial needs during 2018. Over 60% of the Credit Union’s total membership received a dividend; some receiving as much as $500.
“Our Board of Directors authorized the payment of this special dividend to recognize our most loyal members,” said Todd Kenthack, President and CEO of Fort Bragg Federal Credit Union. “As a financial cooperative, we are able to return a portion of our Credit Union’s earnings to our member-owners. This sets us apart from many for-profit financial institutions. December is the perfect time of the year to give back to our most loyal members.”
About Fort Bragg Federal Credit Union
Fort Bragg Federal Credit Union is a not-for-profit financial cooperative, with five branches in Cumberland County, North Carolina, which is owned exclusively by its members and regulated by the National Credit Union Administration (NCUA). Chartered on April 18, 1960, it provides exceptional financial products and services to its military and civilian members.