DEARBORN, Mich.––DFCU Financial Credit Union has announced a year-end bonus distribution to members of $40.8 million as part of its “Cash Back” program.
DFCU Financial traditionally pays some of the largest year-end distributions to members among all credit unions as part of its Cash Back program. Its website includes a calculator that allows members to determine how much they could be earning in cash back, depending on relationships.
According to DFCU Financial, this year’s award distribution marks the 18th consecutive year of the program.
“Since the inception of this pioneering program in 2006, DFCU Financial has returned a remarkable total of $470 million to its members, a testament to its robust financial performance and member-focused philosophy,” the $6.3-billion CU stated. “This significant financial benefit is being deposited directly into the accounts of more than 130,000 members, reflecting the value of their total relationship with DFCU Financial.”
DFCU Financial added the program is designed to reward members for their loyalty and the trust they place in DFCU for their financial needs.
Demonstration of ‘Gratitude’
"Year after year, we are thrilled to demonstrate our gratitude to our members through our Cash Back program," President and CEO Ryan Goldberg said in a statement. "This program is a cornerstone of our commitment to providing exceptional value and service. We believe in the importance of sharing our financial success with the members who are the reason for our existence."
The Cash Back amount each member receives is based on the depth of their relationship with the credit union, including checking and savings accounts, IRAs, and loans. Annual Cash Back payments are limited to an aggregate of $10,000 for each tax-reported member.
DFCI Financial has more than 240,000 members.
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