REDMOND, WASH. -- Qualstar CU is paying members $2.5 in bonus dividends this month as a loyalty dividend.

Members aren’t just earning dividends based on their deposit balances, they are also being paid out based on their loan balances, the types of loans they have, as well as other services that help reduce expenses to the credit union including Home Banking and eStatements.

Individual bonus dividends range from five dollars to several thousand, with the average member receiving a bonus dividend of $72.

“We have extremely loyal members,” said Mark Nelson, president of the $330 million credit union. “and last year their loyalty helped us have our most profitable year ever. We felt that with the exceptional earnings we saw as a result of that loyalty, the best way to thank them is to give back to those members who helped make that happen.”

The bonuses will be deposited to member accounts on Monday, January 28th.

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.