CommunityAmerica, one of the region’s largest credit unions, on Monday announced it paid out more than $5.5 million in profit to its 172,000 members nationwide.
The Lenexa-based credit union, which has 29 branches in the Kansas City area and one in St. Louis, said the latest payout was its largest ever.
This is the second consecutive year CommunityAmerica has paid out at least $5 million to members, and the 18th consecutive year it has issued a yearly dividend. Individual payouts are based on members’ use of the credit union’s products and services.
As a credit union, members share in the profit rather than it going to stockholders or investors.
CommunityAmerica had more than $1.8 billion in assets at the end of 2013.