Bonus Dividend

When Was The Last Time Your Bank Paid You A Bonus?

It's hard to pick up a newspaper or watch the news without seeing reports about a recession and economic crisis. Well, here's some good news for a change! Your Dayton Firefighters Federal Credit Union is about to close the books on the most prosperous year ever.

Well before the economic turmoil of 2008, the Board of Directors made sound decisions to position the credit union for difficult times. The staff delivered on those plans with loan growth over 17%, strategic investing, operating expense ratios well below industry peers, and an overall return on assets in excess of 1%.

As a result of this success, the Board voted to return to the members a 25% bonus dividend. As of December 31, 2008 the total dividends paid to each member throughout 2008 on all share and certificate types will be calculated and an additional 25% of those amounts will be added to the corresponding regular share accounts.

This is what belonging to a member-owned, not-for-profit, financial cooperative is all about. Thanks to the members who chose to pool their resources at the credit union, others could borrow at below market rates. When your Dayton Firefighters Federal Credit Union does well, members share in the rewards!

Dayton Firefighters Federal Credit Union returns over 30% of its net earnings back to members

The board voted to give a 25% bonus dividend on all dividends paid out to our members in 2008. This is about 30% of the net earnings that the credit union made for 2008. After a year of financial turmoil and a shaky economic outlook for 2009, your Dayton Firefighters Federal Credit Union has continued to prosper. Because you the members have been responsible in paying back your loans on time and trusted your hard-earned savings to a stable secure, not for profit financial institution, the credit union has thrived.

Your Dayton Firefighters Federal Credit Union is paying over $150,000 back to our members! We are rewarding those who promote thrift (savings) and who continue to utilize the credit union to help achieve their financial goals.

A credit union is cooperative. A financial cooperative, such as DFFCU, is organized for the objectives of:

• Providing financial services at fair and reasonable rates and fees
• Encouraging responsible financial activity and thrift
• Allowing members/owners to use and control money for the mutual benefit of all DFFCU members, the credit union itself, and the community at large

By contrast, a for-profit corporation such as a bank has been organized for the objective of generating profit and providing dividends for stockholders.

At DFFCU, all members/owners are shareholders - so all reap benefits. Currently approximately $95 of every $100 deposited at the credit union is loaned to members, completing the DFFCU cooperative circle while enhancing the lives of our members.

We are owned by you, our members. The fact that you are owners of the credit union is unique in the financial world. DFFCU exists solely for the purpose of meeting the financial needs of you, the member-owners. To that end, DFFCU not only provides outstanding personal service, but also provides such service in a cost-efficient manner.