JACKSON, Mich.– American 1 Credit Union said it has paid out $1.2-million to members as part of its 2018 Member Giveback.
The funds were returned in the form of loan interest rebates and other givebacks to members. American 1 said it also awarded extra Bonus Rewards Points to its credit card holders worth more than $315,000.
Moreover, American 1 said its 2019 charitable and community contributions exceeded $314,000, providing funds to more than 200 organizations and non-profits. Among the most notable were American 1’s gift to Jackson School of the Arts for their capital campaign for a Dynamic Arts Center and the sponsorship of Talons Out Honor Flight for the benefit of veterans in the communities that American 1 serves.
In addition, as CUToday.info reported earlier, during 2018 American 1 Credit Union also announced a $1 million increase in compensation for all employees with the exception of its CEO, while raising its minimum hourly wage to $13.
‘Common Thread’
“The common thread of the bold generosity that characterizes the way American 1 conducts business is people,” said Laura Pryor, VP of marketing and communications. “We believe that providing exceptional, personal service for the everyday banking needs of members is a simple business model that we are doing well. Success begins with our members. Our employees work hard to serve our 58,000 members with great services. When we do our work well, members are loyal and refer their family and friends. Member loyalty fueled 14% growth for American 1 in 2018, which is well above the industry average. Our success provides the opportunity to give back to our members and communities in a bold way. It really comes down to caring for people.”