Copperfin Credit Union is giving profits back to their members and this is the third straight year. This year, almost $400,000 will be shared with roughly 6,000 Copperfin owners (members) ranging anywhere from $35.00 to $1,300.00!
"Dividends were shared proportionately to the amount of business members have with Copperfin, and how much profit that business generated” said Allison Kasper, SVP Business & Social Impact. “Any member with an average of $10,000 in combined deposits, loans and investments in 2016 received a dividend, and an additional multiplier was applied if that business generated at least $200 in profit over the year."
They had a very successful 2016, including growth in assets and net income and gave back six times more to the community than Big Banks for every dollar of business last year, and are giving back $100,000 more in 2017 than in 2016.