This morning, Coastal Credit Union issued nearly $4 million in special dividends to eligible members through its Loyalty Bonus program. The payout was shared among more than 79,000 members.
The total Loyalty Bonus dividend is based on Coastal’s overall performance in 2022. Individual shares of the payout are then calculated based on each member’s aggregate relationship (a function of year-end loan balances and average deposits) with Coastal, as well as their length of membership. Individual members received anywhere from $5 up to $300. Over the past 12 years, Coastal has returned $33.2 million to members as special dividends.
