COLUMBUS, Ind.–Centra Credit Union has announced a total special dividend payment of nearly $1.2 million to its members. Since Centra is a credit union, Centra Members are also owners and the beneficiaries of Centra’s profits.

The Member Loyalty Bonus will be paid out later this month to eligible members through Centra’s Member Loyalty Rewards, the $2.1-billion credit union said in a statement.

“Last year showed a strong financial profile for the Credit Union,” Centra Board Chair Randy Proffitt said in a statement. “Because of this, we were able to approve a special bonus to show our thanks to members for choosing Centra for their banking needs. Their continued membership helps Centra remain a financially-sound institution.”

Bonuses, or special dividend payments such as this one, are deposited into Member Loyalty Accounts, which are high interest savings accounts designated for Members’ cash rewards.

Centra Credit Union has more than 153,000 members.