For the third consecutive year, members of Premier Federal Credit Union received 5% of the interest paid in 2012 on eligible loans. More than 8,000 members received a portion of the $230,000 given back through a deposit to their savings account. Over the past three years, more than $700,000 has been returned to members in the form of an annual interest rebate.
“The credit union philosophy as a financial cooperative is to return our profits to our member-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 our Winter 2013 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.