SAFE Federal Credit Union Gives More Than $1 Million to Members
Friday, January 12, 2018
Members of SAFE Federal Credit Union received annual bonus dividends and interest rebates on December 31 totaling more than $1 million, based on their account usage.
The payments were based on members’ account usage. Deposit accounts, including certificates, received a 12 percent bonus based on dividends received in 2017. Loan accounts (except credit cards) received a three percent rebate based on total interest paid in 2017.
SAFE has paid more than $30 million in bonus dividends and interest rebates to its members over the last 20 years.
“The unique structure and philosophy of credit unions makes it possible for our Board of Directors to declare year-end bonus returns,” said Darrell Merkel, CEO of SAFE Federal Credit Union. “It’s one more way that we put members first in all that we do.”