OKLAHOMA CITY — FAA Credit Union's board has voted to provide year-end rebates and bonuses for the fourteenth consecutive year to its membership.
The $561 million CU stated in a press release that the 4% rebate will amount to some $453,922 to be disbursed to almost 50,000 members. In addition, all qualified FAA CU members who paid interest or earned dividends during calendar 2014 will be rewarded with a rebate, which will be directly deposited into member savings accounts.
"It brings us great joy to have the ability to give back to our members, especially during this time of year," said FAA president and chief executive Steve Rasmussen, in a statement. "It's our special way of thanking members for their business."
Alison Wolf, FAA's vice president of marketing, told Credit Union Journal that members who hold certain loans, such as real estate and business loans do not qualify for the rebates, nor do members who hold certain investment accounts, such as IRAs.
