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ABOUT COMMUNITYAMERICA
Press Releases Archive
CommunityAmerica Pays $1 Million Dividend to Members
Special payments to depositors and borrowers top $10 million over past 11 years
Lenexa, Kan. ( 01/31/2007) -- CommunityAmerica Credit Union today paid an extraordinary dividend of more than $1 million 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 Sean Yokley, vice president of corporate affairs for CommunityAmerica. "Unlike banks, which are owned by investors, credit unions are owned by members and operated for the benefit of those members."
The 2007 Owner Participation Dividend marks the 11th consecutive annual payout and brings the total bonus dividend paid in that period to more than $10 million, he said.
"For some 60 years, the credit union has been sharing its success with our members through Ownership Participation Dividend," Yokley said. "Our members choose CommunityAmerica because we offer them advantages that credit unions exclusively deliver, including our financial, service, social and values advantages."
About CommunityAmerica Credit Union
CommunityAmerica Credit Union is a full-service financial institution with more than 132,000 members nationwide. As of Dec. 31, 2006, CommunityAmerica had more than $1.5 billion in assets, ranking it among the nation's largest credit unions. Based on deposits, CommunityAmerica ranks among the top 10 Kansas City-based financial institutions. There are 20 CommunityAmerica branches in the Kansas City, St. Louis and Topeka areas.
CommunityAmerica provides a full suite of financial products including checking, savings, loans and money market accounts. As a not-for-profit, member-owned financial institution, CommunityAmerica can offer highly competitive rates on deposits, loans and investments. Other products and services provided by CommunityAmerica include 24-hour online banking and 24-hour telephone banking, Visa credit cards, insurance and financial planning products.
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