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ESL Distributes $40 Million to Members in Annual Owners’ Dividend Payout

ESL marks 26 years of paying out the Owners’ Dividend to members, totaling more than $240 million

Rochester, NY — ESL Federal Credit Union today announced it has distributed $40 million to members in its annual Owners’ Dividend payout for 2021. This marks the largest single payout and largest annual Owners’ Dividend for the financial institution.

“This $40 million Owners’ Dividend payout is a testament to our commitment of sharing our financial success with our members,” said Faheem Masood, president and CEO, ESL Federal Credit Union. “ESL had a successful year in 2021, and the Owners’ Dividend, specifically this record payout, represents how much positive impact our members have on the growth of the organization. We could not deliver on our commitments to help the Greater Rochester community thrive and prosper without their enduring trust and loyalty in us. For that, they have our unwavering gratitude.”

With this latest distribution, ESL has now shared more than $240 million with its members over the Owners’ Dividend 26-year history.

The individual Owners’ Dividend payout amounts ESL members receive are based on established Owners’ Dividend criteria, including balances, transactions, and relationships with the ESL Wealth Management teams. For more information about the criteria, please visit

Qualification for the Owners’ Dividend is subject to eligibility requirements, and payment of the Owners’ Dividend is not guaranteed. ESL previously paid out $15 million to members in January 2021 and $20 million in June 2020 for a total of $35 million for the 2020 year.

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 388,000 members and 13,500 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 $9.1 billion in assets. Since 1996, ESL has paid out 27 consecutive Owners’ Dividends to its members, totaling more than $240 million. Since the creation of its Community Impact initiative in 2018, ESL has reinvested more than $40 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
Vice President/Director, Corporate Communications