TTCU Federal Credit Union announced that $3.8 million in member rewards dividends were paid out to qualifying members in 2023. This is the sixth consecutive year the member rewards dividends have exceeded $3 million.

“Despite the volatile economic environment we have experienced, TTCU’s financial strength remains extremely high with a strong capital position,” TTCU Executive Vice President and Chief Financial Officer Shelby Beil said.

TTCU’s member rewards program pays dividends to members who use TTCU’s services, including those with both qualifying loan balances and deposit balances. This allows TTCU to pay out its profits to a broader range of its membership.

“When comparing savings options, always remember to factor in the member rewards payments you will receive,” Beil said.

As a credit union, TTCU is owned by its members and pays dividends to qualifying members on a quarterly basis. To be eligible for the dividend, members must have an active checking account, among other requirements.