JACKSON, Mich.-American 1 FCU here returned nearly $157,000 to 572 members as part of a rebate program. Every member who financed a closed-end loan last April was eligible to receive half of the interest they paid on their loan in 2009 as long as they made all of their loan payments on time every month from April through December. While the average rebate was $272, a number of members earned more than $1,000. The CU deposited the rebate dollars into member accounts on Jan. 7 and 8.
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