Gulf Winds Federal Credit Union Puts Over $1 Million Back Into the Local Economy

Press Release: At a time when big banks are looking for ways to take more money out of consumers’ pockets, Gulf Winds Federal Credit Union is giving money back to its members. The Board of Directors of Gulf Winds is proud to announce that a bonus dividend pool of over $1,000,000 has been paid to Gulf Winds members with share accounts, effective November 30, 2011. This member benefit is in addition to Gulf Winds’ current dividend rate. This will put much needed spending money back into the local economy.

“The Gulf Winds Team and Board of Directors strive to do what is best for the members we serve,” said Fred Houston, Chairman of the Board. “We are proud to be in financial position to once again provide more than 46,000 member-owners with a bonus dividend.”

“Any way you look at it, putting this $1 million bonus dividend back into the community will have a very positive effect on our members and the local economy,” said Chris Rutledge, President and CEO of Gulf Winds. “Most of this money will be spent right here and will impact the communities we serve.”

“Despite the economic struggles around us, Gulf Winds continues to be a safe, sound and secure financial institution,” added Rutledge. “During a time when other financial institutions have been forced to make drastic cuts, increase and add fees, and close their doors, Gulf Winds continues to focus on how we can best benefit our members. This bonus dividend communicates the credit union difference to members in a way that they are likely to remember… with money.”