ESL credit union makes early dividend payout of $20 to members
Press release:
ESL Federal Credit Union, which has a branch in Towne Center at Batavia, today announced it has distributed $20 million to members in an early Owners’ Dividend payout for 2020.
“The COVID-19 coronavirus pandemic has created a great deal of financial stress for many in our community,” said Faheem Masood, president and CEO, ESL Federal Credit Union. “This $20 million is much more helpful to our members now instead of waiting until our traditional timeframe of January 2021.
"We believe this is a tangible way in which we can support our membership through these challenging times, as the combined impact of $20 million into our community can help make a difference.”
With this latest distribution, ESL has now shared more than $170 million with its members over the program’s 25 payouts.
The individual Owners’ Dividend payout amounts ESL members receive are based on an established Owners’ Dividend criteria. For more information about the criteria, please visit esl.org/ownersdividend.
Qualification for the Owners’ Dividend is subject to eligibility requirements, and payment of the Owners’ Dividend is not guaranteed.
About ESL Federal Credit Union
With 100 years of locally-owned history, ESL Federal Credit Union serves as a full-service financial institution to more than 370,000 members. Founded in 1920, the company provides personal banking, business banking, mortgage services and wealth management services through its locally-based 22 branch network, telephone, mobile, online and live chat center.
The Rochester-based financial institution employs approximately 850 people in in the Greater Rochester area and holds more than $6.9 billion in assets. Since 1996, ESL has paid out 25 consecutive Owners’ Dividends to its members totaling more than $170 million. The company has appeared on the Great Place to Work® Best Small & Medium Workplaces list for nine years since 2010. ESL Federal Credit Union is headquartered at 225 Chestnut Street, in Rochester, and can be found online at www.esl.org
