$1.4 Million Bonus Dividend

December 6, 2016

Chairman Bill Hart and the Goldenwest Board of Directors have announced Credit Union members will earn a total of $1.4 million in December 2016 through our bonus dividend program. Over the course of 13 years, Goldenwest members have collectively earned $9.375 million with the bonus dividend. Think about it…that’s more than nine million dollars our members have had the opportunity to put to use, simply for choosing Goldenwest as a their partner for savings.

Throughout 2016, Goldenwest has been celebrating 80 years of member service. The bonus dividend program demonstrates our commitment to the core principles of a not-for-profit financial cooperative that the original Goldenwest organizers and members believed in so strongly.

This year’s one-time bonus dividend was declared at 4.15% Annual Percentage Yield (APY), and will be combined with the regular monthly dividend of 0.10% APY. Members will earn a total of 4.25% APY for December 2016 on primary shares, secondary shares, IRA shares, and Christmas Club shares.

Offering additional earning potential with a bonus dividend is just one of the many ways Goldenwest returns earnings to our members. During the merger with USU Credit Union a few years ago, their members were amazed upon learning they would earn a bonus dividend as one of the benefits of belonging to the Goldenwest family.

This past September, we announced our intent to merge with Health Care Credit Union in Salt Lake City. We anticipate the merger to be complete in early January, with final approval from Health Care Credit Union members and regulators in late December. Beginning in 2017, Health Care Credit Union members will be eligible to benefit from the bonus dividend program. We look forward with great anticipation to help Health Care Credit Union members save more money than ever before.

I’m excited to announce one of our experienced mortgage underwriters and long-time team members, Angie Marchant, is our employee of the month! Angie has gone above and beyond this year to ensure our members are gaining the maximum benefits from financing their homes through Goldenwest.

As we near the conclusion of 2016, we anticipate solid finishes in loan and deposit growth, record-savings on insurance premiums, and strong member satisfaction ratings. We are grateful for your loyalty and trust, and remain focused on providing you with the financial products and services needed for a successful 2017 and beyond.

Merry Christmas, and Best Wishes for a Prosperous New Year!