ESL Federal Credit Union
For Immediate Release:
ESL FEDERAL CREDIT UNION ANNOUNCES
Rochester, NY— More than 199,000 ESL Federal Credit Union members and 2,600 businesses shared in the credit union's 17th consecutive Owners' Dividend, which was paid in January. The amount of this year's dividend paid by the local credit union is $7.25 million. Since instituting the Owners' Dividend in 1996, ESL has distributed more than $94 million to qualifying members.
"We are extremely pleased to continue to share our earnings growth and success with our customers," said David L. Fiedler, ESL's Chief Executive Officer. "ESL remains committed to providing exceptional service and value to our loyal customers and business partners. Our top priority continues to be delivering a superior banking experience and the Owners' Dividend is just one of the many unique ways we accomplish this for our customers and business partners."
An ESL Owners' Dividend is determined by adding the average monthly balance for the year on share accounts to the average monthly balance for the year on loan accounts. The total amount is then multiplied by a percentage determined by the board of directors each year. All dividend payouts were made to members via direct deposit.
Founded by George Eastman in 1920, ESL Federal Credit Union is a full-service financial institution with $4.3 billion in assets. ESL employs more than 640 people locally and has about 310,000 members world-wide. The company was twice recognized as one of the Best Small and Medium Workplaces in America by the Great Place to Work® Institute and presented by Entrepreneur®. Access to the credit union includes 19 branch locations and more than 40 ATM locations, a Contact Center, and Internet, online and mobile banking channels. The company is headquartered at 225 Chestnut Street, in Rochester, and can be found on the Internet at esl.org.