DEARBORN, Mich.–DFCU Financial Credit Union said it will pay a $27.3-million bonus to members as part of its “Cash Back” program. The funds are to be deposited into member accounts on Jan. 4.
“DFCU Financial consistently pays out more cash back than any financial institution in the state of Michigan,” the credit union said in a statement. “And whether you’re a borrower or a saver, you may be eligible for a payday next year. Each January, we deposit Cash Back into the accounts of qualified members based on their average yearly loan and deposit balances from the prior year.
When you open a savings account for a child or young adult under the age of 17, and maintain a balance of at least $100, he or she could earn $50 from us every year until they reach the age of 18.”
DFCU Financial annually pays one of the largest bonuses to members among all credit unions.