HUNT VALLEY, Md.– Atlantic Financial Federal Credit Union is paying its members a 2016 year-end dividend bonus/loan interest refund.
AFFCU said it is returning 25% of 2016 net income to members in the form of a 2.5% bonus on dividends earned and a 2.5% rebate on interest paid on AFFCU loans. The Member Bonus Dividend payment will be posted to member accounts on Jan. 31, 2017. In all, $90,000 is being returned to members.
“The dividend bonus is a tangible result of our successful year, made possible by the Credit Union’s prudent financial practices and strong capital level, which is a direct result of the members’ activity with the credit union” stated Matthew Piazza, AFFCU president and CEO. “It’s just another way that our members win and receive a unique banking experience unlike any other these days, on top of the great savings and earning potential that they have access to day in and day out at AFFCU. We know our members value AFFCU being reliable stewards of their money, evident in the strong relationships we’ve developed and the pride they have in their credit union.”
As CUToday.info reported here, http://cutoday.ssd.thinkcreativeinternal.net/Fresh-Today/CUs-Have-Now-Returned-More-Than-100-Million-To-Members-Via-2016-Bonuses-Interest-Refunds credit unions have now announced more than $100 million in interest rebates and bonus dividends to date.