Goldenwest Credit Union has been serving the Morgan community since 2005. To commemorate this milestone, an open house will be held Monday, Dec. 7 during business hours. Guests will be treated to Taggart’s famous carrot cake, a free gift and prize drawings with great items from local businesses. Come celebrate 10 years with us.
Goldenwest is also proud to announce a year-end bonus dividend of $1.1 million will be paid to members on Dec. 31, 2015.
The board of directors approved the one-time bonus dividend payout at the monthly board meeting held on Nov. 18, 2015. This is the largest bonus dividend paid in Goldenwest history, and the 12th consecutive year the credit union has paid a bonus dividend to members. Over the course of 12 years, Goldenwest has returned $7.975 million to members with the bonus dividend program.
“We are both proud and grateful Goldenwest has experienced another strong year,” stated Bill Hart, chairman of the board of directors. “When the credit union does well, we make it a point to give more to our members at the end of the year. It’s our way of saying ‘thank you’ for your loyalty.”
The one-time dividend of 4.10 percent APY is paid on primary shares, secondary shares, Christmas Club shares and IRA shares. Based on the average daily balance of shares during 2015, the bonus dividend is paid for the month of December only.
The dollars and cents earned on the bonus dividend equate to a little less than the annual yield paid on a 12-month CD. The one-time dividend is paid in addition to the monthly dividend, which is anticipated to be declared by the board at 0.10 percent APY. The total projected dividend paid for the month of December is 4.20 percent APY.
“The not-for-profit financial cooperative model is alive and well at Goldenwest Credit Union,” commented Kerry Wahlen, president/CEO. “Our success is a result of members who join and take advantage of all the products and services we offer. Nothing pleases us more than making a positive difference in the financial lives of our members.”
Goldenwest is embarking on its 80th year in member service.
“Since 1936, hard-working men and women have entrusted Goldenwest with their finances,” added Wahlen. “It’s a stewardship we take seriously, and we will continue to do everything possible to carry on relationships of trust that will preserve our credit union for generations to come.”
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