We’re Returning Value to Our Members with a Patronage Dividend
This Dividend Reflects Cooperative Ownership and Member Participation
In celebration of its 70th anniversary, San Antonio Citizens Federal Credit Union announced today a one-time patronage dividend to eligible members, reinforcing the cooperative principle that participation creates shared success.
Unlike traditional financial institutions, credit unions are member-owned. Patronage dividends allow credit unions to return excess earnings to the members whose participation helps generate them. Dividend amounts vary based on each member’s level of engagement with the credit union, including account balances and loan activity. Some members will receive modest amounts, while others will receive significantly larger dividends.
“This dividend is a tangible reminder that when members actively participate, everyone benefits. Our 70-year milestone belongs to our members as much as it belongs to us.”
—Steven Shaffner, President and CEO
The dividend will be deposited directly into eligible members’ accounts on March 25. This one-time patronage dividend reflects the Credit Union’s strong financial performance and commitment to cooperative values.