SAFE Gives $1.3 Million Back to Members

Friday, January 10, 2020

woman wearing white shirt with hair in a bun smiling while holding a piece of mail

SUMTER, South Carolina, January 10, 2020 – Members of SAFE Federal Credit Union received annual bonus dividends and interest rebates on December 31 totaling approximately $1.3 million.

The payments were based on members’ account usage. Deposit accounts, including certificates, received an 8 percent bonus based on dividends received in 2019. Loan accounts (except credit cards) received a 3 percent rebate based on total interest paid in 2019.

SAFE has paid more than $32 million in bonus dividends and interest rebates to its members over the last 23 years.

“Like family, we’re here to help our members earn more on savings and pay less on loans. And, like family, we're happy to share during the good years,” said SAFE’s President and CEO Darrell Merkel.