As we approach the end of another remarkable year, I’m delighted to bring you exciting news about this year’s Bonus Dividend. For 20 years, the Bonus Dividend program has been a cornerstone of our commitment to our valued members, delivering over $27 million in earnings. I am pleased to announce that the Goldenwest Board of Directors has approved a one-time bonus dividend of 4.65% Annual Percentage Yield (APY) to conclude 2023.

In addition to the standard monthly dividend of 0.05% APY, each of you will earn an impressive 4.65% APY for the month of December on primary shares, secondary shares, Christmas Club shares, and IRA shares. Together, our members will collectively earn $3.3 million with this year’s Bonus Dividend. The specific dividend amounts will vary for each member based on the average daily balance in your individual accounts throughout the 2023 calendar year. These dividends will be deposited into your savings accounts on January 1, 2024.

Looking ahead, I’m thrilled to announce that the Bonus Dividend for the upcoming year, distributed at the conclusion of 2024, will be deposited into each member’s high-yield Gold Account. As a benefit of your Credit Union membership, you’ll receive a free Gold Account in January 2024 as part of the new Golden Rewards member loyalty program. Stay tuned for more details about the Golden Rewards member loyalty program in the coming weeks.

Beyond the Bonus Dividend, there are compelling reasons to entrust your deposits to Goldenwest. For those seeking a higher yield while maintaining liquidity, consider opening an Insured Money Market Account with rates reaching 4.65% Annual Percentage Yield (APY). Our Certificate Specials include attractive rates such as 5.30% APY for 7 months with a rate guarantee on renewal. (Rates current as of December 1, 2023.)

Goldenwest President’s Club members automatically earn an additional 0.25% on Certificates. There are no membership fees to participate in the President’s Club, and your President’s Club benefits will remain valid as long as your aggregate deposit balance stays at $50,000 or greater.

While Goldenwest ensures automatic protection for members’ deposits through the National Credit Union Administration (NCUA), you might find yourself wondering about optimizing coverage for deposits exceeding $250,000. I encourage you to utilize the NCUA’s Share Insurance Estimator to assess your insurance protection at Goldenwest. If your deposits at different financial institutions surpass $250,000 and you are considering transferring them to Goldenwest, our committed team is prepared to meet with you. We are here to discuss and review your accounts, ensuring optimal insurance coverage for your funds.

It’s heartwarming to contribute to the well-being of others during this special time of year. This December marks the 25th annual Golden Tree holiday giving campaign in partnership with Weber Human Services. Through the generosity of our members and employees, we are making a meaningful difference in the lives of local children and their families.

Best wishes to all of you, our valued members, for a joyous Christmas and a prosperous New Year!