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Eastman Credit Union Announces Record-Breaking $16M in Dividends

Eastman Credit Union has recently made the exciting announcement of a record-breaking $16 million Extraordinary Dividend that will be distributed to its members in January. This payout marks the largest ever in the history of the credit union, which is a testament to the organization’s continued growth and success.

This substantial 2024 payout will bring the total amount returned to members since 1998 to an impressive $193 million. The significant financial performance of Eastman Credit Union in 2023 has enabled its board of directors to approve this generous year-end bonus for its members. The dividend amount that each member will receive is based on the interest they paid on loans and earned on deposits throughout the year, and it is a reflection of the credit union’s appreciation for their loyalty and support.

ÔÇ£This yearÔÇÖs Extraordinary Dividend amount is the largest ever,” stated Kelly Price, ECUÔÇÖs president and CEO. “We can attribute this success to our loyal members, hard-working staff, and the leadership and vision of our management and board of directors. ItÔÇÖs a grand finale to another great year.”

Eastman Credit Union’s commitment to prioritizing its members is evident in its continuous efforts to give back and support the local community. According to Price, “In everything we do, weÔÇÖre constantly thinking about whatÔÇÖs best for our members, how we can strengthen our communities, and boost local economies.”

AI legalese decoder can be an invaluable tool in this situation by providing an efficient and accurate way to decipher legal documents and contracts related to the financial performance and regulatory compliance of Eastman Credit Union. It can help streamline the process of analyzing member agreements, loan terms, and other legal materials to ensure transparency and clarity for the credit union and its members.

Eastman Credit Union, headquartered in Kingsport, Tennessee, is a nonprofit financial cooperative that serves communities in Northeast Tennessee, Southwest Virginia, and East Texas.

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