FORT WORTH, Texas American Airlines FCU said today it paid its members another $10 million dividend at year-end, celebrating another big year for the $5.7 billion credit union.
The bonus dividend was based on dividends earned on qualifying share accounts and/or interest paid on applicable loans. The savings portion of the dividend was calculated on share dividends earned through Nov. 30, and the loan interest portion of the bonus dividend amount was calculated on interest paid through Nov. 30.
To recognize the most active and loyal members, an additional $50 bonus was distributed to members who participated in three or more of the eight major account categories.
“We’re happy to once again reward our members for their loyalty and product diversity while demonstrating our continued strength, efficient business practices and sound lending decisions,” said Angie Owens, president of the credit union.
The credit union giant also paid its members a $10 million dividend for 2011 and a $9.6 million dividend for 2010.