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ESL Distributes $25 Million to Members in Annual Owners’ Dividend Payout

This marks the second largest payout in ESL history

Rochester, NY — ESL Federal Credit Union announced a $25 million distribution to members in its annual Owners’ Dividend payout for 2022. The payment was distributed to more than 390,000 members and is the second largest single payout in ESL history.

With this latest distribution, ESL has now shared more than $265 million with its members over the Owners’ Dividend 27-year history, including $100 million to members the last three years.

“This payout based on 2022 financial results reaffirms our commitment at ESL to share our financial success with those who make it possible—our members,” said Faheem Masood, president and CEO, ESL Federal Credit Union. “We’re incredibly pleased to be able to deliver today’s $25 million Owners’ Dividend payout to our members, as we express our deepest gratitude for the trust and loyalty they show to us. Their support helps us stay on our path to helping Greater Rochester thrive and prosper.”

New for this distribution, all members who are eligible to receive an Owners’ Dividend will automatically receive a $10 starting payout. This $10 payment allows more people to receive an Owners’ Dividend and effectively increases payouts for a significant portion of members. In addition to a $10 starting payout, ESL members receive an Owners’ Dividend based on established criteria, which includes account balances, card transactions, and relationships with the ESL Wealth Management teams.

For more information about the ESL Owners’ Dividend, please visit Qualification for the Owners’ Dividend is subject to eligibility requirements, and payment of the Owners’ Dividend is not guaranteed.

About ESL Federal Credit Union

With more than 100 years of locally owned history, ESL Federal Credit Union serves as a full-service financial institution to more than 394,000 members and 14,700 businesses. Founded in 1920, the company provides personal banking, business banking, mortgage services and wealth management services through its locally based 23-branch network; telephone, mobile and online banking; and live chat center.

The Rochester-based financial institution employs approximately 900 people in the Greater Rochester area and holds more than $9.2 billion in assets. Since 1996, ESL has paid out 28 consecutive Owners’ Dividends to its members, totaling more than $265 million. Since the creation of its Community Impact initiative in 2018, ESL has reinvested more than $70 million in grants throughout the community. The company has appeared on the Great Place to Work® Best Small & Medium Workplaces list for 11 years, since 2010. ESL Federal Credit Union is headquartered at 225 Chestnut Street, in Rochester and can be found online at

Connect with ESL on Twitter (@ESLFCU) and

For more information, contact:

Rich Pulvino, APR
VP/Director, Marketing