REINFORCING OUR COMMITMENT TO YOU
Amid the worst economic crisis since the Great Depression, Riverfront Federal
Credit Union’s management team and Board of Directors are reinforcing their
commitment to you by issuing a special cash distribution. This special
distribution returned approximately $180,000 to the membership in the form of a
bonus dividend and interest rebate.
Members of record on December 31, 2008, received a bonus dividend equal to 3% of
the dividends they received from the credit union during 2008 and an interest
rebate equal to 3% of the interest they paid to the credit union on their
home-equity, automobile, and personal loans. Tax-favored accounts, such as an
IRA or Educational Savings Account, were also eligible to receive the bonus
dividend.
The interest refund and bonus dividend were credited to your primary savings
account in February. The portion of the bonus dividend attributable to the
dividends earned on a tax-favored account was posted to that account in February
as well.
This distribution demonstrates that Riverfront’s financial condition is
excellent. There aren’t many financial institutions that have the financial
strength necessary to issue a distribution of this nature.
Our Board of Directors and management team are proud to be in a position to
issue this cash distribution to you in the current economic environment. It is
our way of thanking you for your continued use of our products and services,
which allows us to “grow stronger together.”
