Once again, Founders Federal Credit Union is sharing its success with its members. The credit union is returning $6 million to its membership as a bonus dividend - the second time the credit union has returned a bonus dividend of this magnitude.

"The incredible support we have received from our members has allowed us to declare a bonus dividend," said Bruce Brumfield, President and CEO of Founders. "During a time when other financial institutions have been forced to close their doors, Founders is thriving and this is just one of the ways we share our success with the members who made it possible."

The challenges of a tough economy were met head on by the Management Team and Board of Directors. The credit union's strength stems from over 50 years of sound financial management and its growth in recent years has allowed Founders to diversify its membership, expand its reach and improve products and services for its members. The combination of these strategic decisions continues to protect Founders from many of the events others in the industry are facing.

Credit Unions are nonprofit financial cooperatives, owned solely by members, so borrowers and savers alike share in the profits. This philosophy of "not for profit, not for charity, but for service" has helped Founders Federal Credit Union grow to be a sound financial institution of more than $1.5 billion in assets.

"This strategy to put our members first is what separates us from other financial institutions. It's what makes us different. A financial institution actually returning money is almost unheard of in today's world. But Founders has returned millions five times in the past 8 years," said Brumfield. "This is not only a testament to the strength of Founders Federal Credit Union but also a testament of how much we value our loyal members."

"Our Board of Directors and Management Team consistently strive to do what is best for the members of this credit union. Giving back to our members is always at the forefront of everything we do," said Brumfield. "With the recent turmoil surrounding the financial industry, our ability to distribute a bonus dividend is especially important. We do our best to put our members first in every decision we make. Whether we are determining rates, planning expansion, selecting equipment or hiring employees, we are always thinking of our members."

The bonus dividend will be distributed among borrowers and savers on November 30, 2008.

Over the last eight years, Founders Federal Credit Union has returned more than $14 million to its members. The credit union distributed a $6 million bonus dividend in 2006, a $4 million bonus dividend in 2003 and $2 million bonus dividends in 2000 and 2001.