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ESL Pays Out $20 Million to Members in its Largest Owners’ Dividend

ESL kicks off 2020 celebrating 100th anniversary and 24 years of paying out the Owners’ Dividend to members, totaling more than $150 million

Rochester, NY — ESL Federal Credit Union today announced it has dispersed $20 million to members in its largest and 24th consecutive Owners’ Dividend payout.

“2020 marks a milestone year for ESL. As we enter our 100th year of serving the Greater Rochester community, we are thrilled to share our financial success directly with our members through our most significant Owners’ Dividend payout to date,” said Faheem Masood, President and CEO, ESL Federal Credit Union. “We are committed to living our purpose of ‘helping our community thrive and prosper,’ and we couldn’t do that without the support of our loyal members and community, and the hard work and dedication of our employees.”

With the latest distribution, ESL has shared more than $150 million with its members over the program’s 24 years.

The individual Owners’ Dividend payout amounts ESL members receive are based on an established Owners’ Dividend criteria. 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.

About ESL Federal Credit Union

With 100 years of locally owned history, ESL Federal Credit Union serves as a full-service financial institution to more than 366,000 members. Founded in 1920, the company provides personal, business banking and wealth management services through its locally based 22-branch network; telephone, mobile and online services; and a live chat center.

The Rochester-based financial institution employs more than 830 people in the Greater Rochester area and holds more than $6.8 billion in assets. The company has appeared on the Great Place to Work® Best Small & Medium Workplaces list for nine years, since 2010. ESL Federal Credit Union is headquartered at 225 Chestnut St. 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