On January 1, 2012, over 7,600 members of Premier Federal Credit Union received 5% of the interest paid in 2011 on eligible loans. Each member’s portion of the more than $230,000 given back was deposited into their savings account. This is the second year in a row that Premier has given a 5% rebate.
“The credit union philosophy as a financial cooperative is to return our profits to our members-owners. We are pleased to be in the financial position that afforded us this opportunity!” stated Lori Thompson, President and CEO. The decision to give the interest rebate was made by the Board of Directors at the meeting held in November with the announcement being made to the membership in the winter newsletter. “The response from our members has been very positive.” said Thompson, “Some were calling before year end in anticipation of how much their rebate would be. Now that it has posted, they are even more excited. This is a great way for us to thank them for their business!” said Thompson.