Profit Payout Returns $8.4 Million to Members
It is the 25th straight year the Credit Union has issues a dividend to its members.
"2020 was an exceptionally difficult year for so many individuals and businesses," CommunityAmerica CEO Lisa Ginter said in a press release. "We are truly grateful we were able to support our members in their greatest time of need with skip payments, deferments, and PPP and consumer loan programs. As a result, our organization is doing very well and we can return those profits at a rate consistent with our pre-pandemic give-back."
To read the Kansas City Business Journal story, click here.
To read the Credit Union Times story, click here.
To learn more about Profit Payout, click here for an overview and here to estimate your Profit Payout potential.
Profit Payout dividend is discretionary and approved annually by CommunityAmerica’s Board of Directors. Amounts advertised are representative of actual dividends paid in 2021. Dividend is not guaranteed and may vary based on criteria established by CommunityAmerica Credit Union and the total amount allocated by the Board of Directors each year. Not everyone receives a dividend and member must be in good standing and meet other criteria on processing date to qualify. Dividends are reported to IRS and a 1099 form will be issued at year-end. Any applicable taxes are the responsibility of recipient.