SCHAUMBURG, Ill. Motorola Employees CU paid its members a special patronage dividend of $750,000 on Dec. 31.
Most of the credit union’s nearly 39,000 members received the special dividend and, on average, they were paid nearly $19. The most active members those who made greatest use of credit union services were paid on average roughly $86.
The amount members received was based on a percentage of the total amount of interest they earned on savings in 2012, as well as a percentage of the total amount of interest they paid on loans during the year. They also received set dollar amounts for using various financial services.
This is the third year in a row Motorola Employees has paid a special patronage dividend.