How credit unions promote their certificate accounts may depend on their charters. The rules are addressed in this week’s Compliance Question of the Week.
Qualstar Credit Union is thanking its members for their continued loyalty by giving them back $2.5 million in bonus dividends this month. Individual bonus dividends range from $5 to several thousand, with the average member receiving a bonus dividend of $72.
Do we have to pay dividends on dormant or inactive accounts?
Should a deceased memberâ€™s account(s) continue to earn dividends?