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Joy to you and me. It's Owners' Dividend time.

And it’s just one of the ways ESL gives back. To me and all members who’ve earned an Owners’ Dividend. It shows they make people a priority, so I really feel appreciated. It’s what I like to call thank-you banking.

What is the
Owners’ Dividend?

What products qualify?

How big could your Owners’ Dividend be?

How is the Owners’ Dividend calculated?

What is the Owners’ Dividend?

At ESL, members (not stockholders) benefit from our earnings. Each year that ESL earns more than necessary to keep us strong and healthy, we return a portion of our earnings to members in the form of a cash dividend.

Now, payouts are based on your combined average monthly balances for the year. This total balance includes balances on all of your share and loan accounts with ESL—even share accounts that don’t pay dividends, like ESL Free Checking!

It’s really that simple—the bigger your account balances, the bigger your share. And it’s just one way we like to show thanks to our members.

What products qualify?

Practically every ESL product qualifies for the Owners’ Dividend. Whether you have one or more, a reward is yours. (And it can really add up!)

How big could your Owners’ Dividend be?

It pays to move more of your business to ESL. Review your ESL statements and/or those from other financial institutions and you’ll see why. On the calculator screen, enter your average monthly balances for each share and loan account. (For loans, use the outstanding balance amount, not the line amount.) The higher your total balance, the higher your Owners’ Dividend.

In January 2014, more than 312,000 ESL members, including 3,000 businesses, received a share of the ESL Owners’ Dividend payout. That’s a great return, and you can find it only at ESL.

How is the Owners’ Dividend calculated?

To determine your Owners’ Dividend, we add the average monthly balance for the year on your share accounts to the average monthly balance for the year on loan accounts. Then, we multiply the total by the Dividend Percentage Factor.

To be eligible, you need to meet the following requirements:

  • You must be an active member in good standing with a Membership Daily Dividend Account as of December 31 in the current year at the time of the payout. For personal members, this is a Membership Daily Dividend Account; for business members, this is a Business Membership Savings Account.
  • You cannot be 60 or more days delinquent on any loans owned or serviced by ESL.
  • You cannot be overdrawn on any ESL share account (savings, checking or IRA accounts), excluding escrow accounts, for 30 days or more.

Dividend Calculators

Personal
Business

Dividend Calculators

Personal
Business

On average, what is your typical monthly balance for your ESL personal accounts? For loan accounts, please use your average outstanding balance amount, NOT your average line amount.

Share Products

Savings
Checking
Money Maker
Certificates
IRAs
Share Total

Loan Products

Mortgage
Home Equity
Auto
Visa® Credit Cards
Other Loans
Loan Total

Your Estimated Owners’ Dividend1

On average, what is your typical monthly balance for your ESL business accounts1? For loan accounts, please use your average outstanding balance amount, NOT your average line amount.

Share Products

Business Savings
Business Checking
Business Money Maker
Business Certificates
 
 
Business Share Total

Loan Products

Business Mortgage
Business Term Loan
Business Line of Credit
Business Overdraft Line of Credit
Business Visa® Credit Cards
Business Loan Total

Your Estimated Owners’ Dividend2

1: Maximum payout of $3,000. The estimated Owners’ Dividend is for illustrative purposes only and is calculated based on criteria for the previous year and one full calendar year of relationship with ESL beginning in January. The criteria for the current year will result in a different amount. If you begin your relationship during any other month of the year, the amount will be different. Qualification for the Owners’ Dividend is subject to eligibility requirements. Payment of an Owners’ Dividend is not guaranteed.
1: Includes Sole Proprietor and DBA accounts.
2: Maximum payout of $3,000. The estimated Owners’ Dividend is for illustrative purposes only and is calculated based on criteria for the previous year and one full calendar year of relationship with ESL beginning in January. The criteria for the current year will result in a different amount. If you begin your relationship during any other month of the year, the amount will be different. Qualification for the Owners’ Dividend is subject to eligibility requirements. Payment of an Owners’ Dividend is not guaranteed.

This credit union is federally insured by the National Credit Union Administration. Membership subject to eligibility. ESL is a registered service mark of ESL Federal Credit Union.

© ESL January 2014