It’s another record year for Member Giveback December 17, 2015
We are pleased to announce that, for 2015, approximately $14 million in year-end rebates and rewards on loans and share/deposit accounts will be given back to members – the largest dollar amount in the credit union’s history.
“Our ability to offer rebates and rewards on a regular basis while still maintaining a healthy capital cushion is, in large part, a testament to the credit union’s careful management of our members’ deposited funds, including prudent investments in loans to other members. Healthy participation in the DCECU financial cooperative also is crucial to our success. Wise use of the credit union’s products and services ensures that all members benefit.” Dennis Hanson, DCECU President/CEO
On January 1, 2016, members will receive givebacks via:
- The year-end Loan Interest Rebate, which will rebate borrowers in good standing1 75% of the total interest they paid on all eligible DCECU loans during 2015.
- The Member Saver Reward, which will give depositors in good standing1 an additional 75% of the dividends/interest they earned on DCECU shares/deposits in 2015.
- DCECU VISA® Check Card Rebates of 0.125 percent of all signature-based transactions during 2015 and $0.01 for each PIN-based transaction during 2015.
“2015 was another strong year for the credit union, and our Member Giveback Rebates and Rewards are our way of thanking our valuable members for looking to us for their financial needs. Through principles-based decision-making and a constant commitment to enhancing our products and services, we are working diligently to build a strong financial future for our members and their families.” Dennis Hanson, DCECU President/CEO
If you have questions about these rebates and rewards or want to learn more about your benefits as a DCECU member, stop by, or contact us.
Not a member? Join today!
Defined as those members who have at least $5 in their Share Account on December 31, 2015; have had no delinquent accounts; have not had adverse collection activities on their accounts; and have not had accounts charged off. Members who are in default or who have caused the credit union a loss typically are not eligible for year-end rebates and rewards. ↩︎ ↩︎2