LUTHERVILLE, Md.–First Financial Federal Credit Union has announced it is paying a $2-million Loyalty Rewards bonus to members.
“We are giving back to both borrowers and savers,” the credit union told members on its website. “The more products and services you utilize from First Financial, the more we've given back to you as a Loyalty Reward.”
According to First Financial, it has:
- Paid a bonus dividend of 15% on all dividends earned in 2017 on share accounts
- Paid a 10% interest rebate on non-real estate loans in 2017
- Given all active “5-Star Members” an additional $100 reward
“Spread the word about the value of First Financial membership,” the CU said. “Now more than ever, it pays to belong to First Financial Federal Credit Union.”
Other CUs that have announced year-end bonus dividends and interest rebates include:
- PSECU, Harrisburg, Penn., which is paying a $6-million Special Reward to members.
- OTIS Federal Credit Union, Jay, Maine, which is paying an 8% Bonus Dividend and Interest Refund.
- In Sioux Falls, S.D., Sioux Falls FCU is paying a $1-million bonus to members.
- In Washington, D.C., PAHO/Who FCU is paying a 6% bonus dividend to its members.
- Charter Oak FCU, Waterford, Conn., awarded more than $532,000 in annual $100 cash bonuses to members of its Gold Rewards program.
- Hanscom Federal Credit Union, Hanscom Air Force Base, Mass., paid a Loyalty Dividend to members representing 2% of most consumer loan finance charges as well as 2% of dividends earned on savings.
- Robins Financial Credit Union paid a “loyalty reward” to members in the amount of $12 million.
- Scott Credit Union, Edwardsville, Ill., paid a $500,000 bonus dividend.
- Eastman CU, Kingsport, Tenn., paid a $13-million extraordinary dividend
- Wright-Patt Credit Union, Beavercreek, Ohio, announced an $8-million Special Patronage Dividend.
- Goldenwest Credit Union, Ogden, Utah, announced it will pay members a year-end bonus dividend of $1,750,000.
- Summit Credit Union, Madison, Wis., paid out $2.08 million in what it calls a “Cash Boomerang” to its members.
- Andigo CU, Schaumburg, Ill., paid a $1 million “participation dividend” to its members in January.
- Educators CU, Racine, Wis., paid a $2.46 million loyalty reward to members
- Citizens Equity First Credit Union (CEFCU) in Peoria, Ill. declared a $40-million extraordinary dividend for its members.