Bonus Dividend FAQs

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A bonus dividend is an amount of money, declared by your volunteer Board of Directors, given to its member/owners in addition to the normal dividends paid.

Since Sioux Falls FCU is well capitalized and is financially sound we are able to put more money directly back into our member/owners pockets.

This bonus dividend was paid to member/owners with active accounts in good standing.  Member/owners were paid back based on a percentage of savings and loans they have with us.

A member in good standing is any member who has at least $5.00 deposited in their Share (Savings) account and also must not have any loan charge offs, loan delinquencies, share charge offs, or negative share accounts. 

The total bonus dividend paid back to our members was over $1,000,000 (one million dollars).

The bonus dividend was deposited into your share account on 12/31/2018 and was titled “My Dividend”.

Each individual account in good standing will receive a bonus dividend.  That amount was deposited into each share (savings) account on 12/31/2018.

No.  If you were eligible, it was automatically deposited into your share (savings) account on 12/31/2018.

The more services you utilize, the greater opportunity for a bonus dividend.  Although a bonus dividend is not guaranteed, the best way you can ensure you can earn one in the future is by continuing to expand your relationship with us and by encouraging other members to do so as well. 

Yes, the amount you receive for the bonus dividend will be included on your 1099-Int form for the 2018 tax year. 

Please feel free to contact us at with any questions you may have.