Utah’s Goldenwest Credit Union enjoys a golden year
Ogden-based Goldenwest Credit Union apparently had a golden year.
The credit union with 97,000 members that operates 26 branches with offices in Weber, Morgan, Davis, Salt Lake, Utah, Box Elder, Cache and Washington counties announced this week that it will return $760,000 to members at the end of December as a bonus dividend.
That is the 10th-straight year that Goldenwest has declared a year-end bonus. During that time, it has returned $5.875 million in bonus dividends.
"Goldenwest is truly unique in Utah with our bonus dividend program," said the credit union’s chair of the board Bill Hart. "It’s a pleasure to be part of a strong institution with a long history of providing generous returns to members."
The dividend of 4.35 percent is paid on primary shares, secondary shares, Christmas Club shares and IRA shares. The shares are based on the average daily balance of shares during 2013, and the bonus dividend is paid for the month of December.
Goldenwest, which was founded in 1936, recently reached a milestone when its assets exceeded $1 billion for the first time.