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About the ESL Owners’ Dividend

The Owners’ Dividend 2020 early payout. It’s more than a thank you, it’s to help our community thrive.

Year after year, we’re committed to providing the Owners’ Dividend to loyal members like you to share our financial success. Given the circumstances everyone is facing now, we’re making a $20 million Owners’ Dividend payout for 2020 payout available now (instead of our normal timeframe of January 2021), when members can use it most.

Owners’ Dividend Criteria

These three criteria will contribute to Owners’ Dividend payouts for personal and business ESL members:

  • Combined average monthly balances continue to be a part of what determines your Owners’ Dividend payout. And practically every ESL checking, savings, and loan product for personal and business banking qualifies!
  • Have an ESL Wealth Management relationship? Your Owners’ Dividend will reflect that since the criteria includes payouts for ESL Members who have a relationship with either ESL Investment Services, LLC, ESL Trust Services, LLC, or Cooper/Haims Advisors.
  • Card Transactions are included! The greater the number of transactions you make using your ESL Debit, Credit, or HSA Debit Card for purchases in store and/or online, the greater your Owners’ Dividend payout could potentially be.

How Owners’ Dividend is Calculated

Here is how your Owners’ Dividend 2020 Early Payout is calculated:

  • We add the average monthly balance from 1/1/20 - 3/31/20 for your share and savings accounts to the average monthly outstanding balance from 1/1/20 - 3/31/20 for your loan accounts and multiply that by an Owners’ Dividend factor.
  • We add the number of ESL Credit, Debit and HSA Card transactions you’ve made from 1/31/20 – 3/31/20 and multiply that by a Dividend factor.
  • Members with a relationship with ESL Investment Services, ESL Trust Services or Cooper/Haims Advisors will receive an additional amount added to their Dividend payout.


Eligibility for the ESL Owners’ Dividend

  • With the 2020 early payout, you must be an active ESL member in good standing with a membership daily dividend (savings) account on March 31, 2020 is declared AND at the time of the payout.
  • You cannot be 60 days or more delinquent on any loans owned or serviced by ESL as of March 31, 2020.
  • You cannot be overdrawn on any ESL checking, savings, or IRA account (excluding escrow accounts) for 30 days or more.

Personal Products and Services that Qualify

The average monthly balances for these accounts will be used to determine a portion of your Owners’ Dividend:

  • Free Checking
  • Premier Checking
  • Simple Spending
  • Certificates
  • Health Savings Account
  • IRAs
  • Money Maker
  • Premier Money Maker
  • Savings Accounts
  • Auto Loans
  • Home Equity Loans and Lines of Credit
  • Mortgages
  • Personal Loans and other ESL Loans
  • Visa® Credit Cards

Transactions from these ESL Cards will be used to determine a portion of your Owners’ Dividend:

  • Visa® Debit Card
  • Rewards Visa® Signature Credit Card
  • Visa® Credit Card
  • Visa® Secured Credit Card
  • Visa® Health Savings Account Debit Card

Having a relationship with one of these ESL Wealth Management subsidiaries:

  • ESL Investment Services, LLC
  • ESL Trust Services, LLC
  • Cooper/Haims Advisors

Business Products and Services that Qualify

The average monthly balances for these accounts will be used to determine a portion of your Owners’ Dividend:

  • Classic Checking
  • Premier Checking
  • Analyzed Checking
  • Analyzed Checking Plus
  • Certificates
  • Money Maker
  • Savings Accounts
  • Business Lines of Credit
  • Master Lines of Credit
  • Mortgages
  • Construction Loans
  • Term Loans
  • Visa® Credit Cards

Transactions from these ESL Cards will be used to determine a portion of your Owners’ Dividend:

  • Visa® Business Debit Card
  • Visa® Business Credit Card

* Payment of a Dividend is not guaranteed. Qualification for the Owners’ Dividend is subject to eligibility requirements. The maximum Owners’ Dividend payout is $3,000. ESL IOLA Checking accounts excluded.