Serving our members for 50 years is reason enough to celebrate, but we also have a million additional reasons to celebrate this year because the volunteer Board of Directors of Pittsford FCU has declared a Special Member Dividend (SMD) of $1,000,000!
The SMD would not be possible without the continued support and trust of our entire membership, and we appreciate your confidence. As has always been the case, a Special Member Dividend is just that – special, unexpected, and unpredictable. We don’t know what will happen next year, but we’re sure delighted we can pay it this year.
To calculate the dividend, we multiplied average account balances for all of 2017 by our dividend factor (the same factor is used for all members and all account types). We expect to deposit the Special Member Dividend in member accounts during the third week of March.
We hope you enjoy the benefits of being an owner of Pittsford Federal Credit Union. We exist solely to help our members get ahead financially, and the SMD is a vivid reminder that ownership has its rewards.