SUMTER, S.C.– SAFE Federal Credit Union has announced a bonus dividend and interest rebate to members totaling more than $1.05 million.
The payments were based on members’ account usage.
Deposit accounts, including certificates, received a 5.0% bonus based on dividends received in 2020. Loan accounts received a 2.25% rebate based on total interest paid in 2020.
SAFE reported it has paid more than $33 million in bonus dividends and interest rebates to its members over the last 24 years.
“When SAFE does well, we want to share with our members who made it possible,” said President and CEO Michael Baker. “That is why our member givebacks are such a prized tradition year after year.”
The $1.3-billion SAFE FCU has more than 124,000 members.