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ESL Pays $15 Million Owners’ Dividend to Members

The payout is the largest in ESL’s history, and marks the 23rd consecutive year the locally-owned financial institution has paid the dividend to its members, totaling more than $130 million.

Rochester, NY — ESL Federal Credit Union announces that it has made the largest Owners’ Dividend payout in its history to members today, totaling $15 million.

The total of Owners’ Dividend payouts over the 23 consecutive years of its existence exceeds $130 million. This year’s $15 million dividend is a significant increase from the last year’s payout, which was $10 million.

“The annual Owners’ Dividend is one of many ways we return value to our members,” said Faheem Masood, President & CEO, ESL Federal Credit Union. “The success we have experienced year after year is not only thanks to our employees, who do outstanding work to provide superior customer experiences, but to our members who have shown us nothing but loyalty and dedication over the almost 100 years we have served Greater Rochester.”

The amount ESL members receive for their payout is based on their deposit and loan balances. Essentially, the bigger the balances on a member’s accounts, the larger the payout.

Qualification for the Owners’ Dividend is subject to eligibility requirements, and payment of the Owners’ Dividend is not guaranteed.

Click here for more information about ESL’s Owners’ Dividend.


About ESL Federal Credit Union

With nearly 100 years of locally-owned history, ESL Federal Credit Union serves as a full-service financial institution to approximately 357,000 members world-wide. The company provides personal, business banking, and wealth management services through its locally-based 21 branch network, telephone, mobile, online, and live chat center.

The Rochester-based financial institution employs more than 800 people in Rochester, New York and holds $6.1 billion in assets. The company has appeared on the Great Place to Work® Best Small & Medium Workplaces list for eight years since 2010. ESL Federal Credit Union is headquartered at 225 Chestnut Street, in Rochester, and can be found on the Internet at www.esl.org.

Find and connect with ESL on Twitter (@ESLFCU) and Facebook.com/ESLFCU. 

For more information, contact:

Rich Pulvino, APR
Vice President/Director, Corporate Communications
rpulvino@esl.org
585.336.1009