CLEVELAND Ohio’s First Class CU declared both a loan interest rebate and a bonus dividend for the sixth consecutive year.
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For 2012, members with loans received a rebate of 4% of the interest they paid on those loans during the year. In September, the credit union also paid a bonus dividend of 8% of the dividends that members earned on their savings accounts through the third quarter of 2012.
The credit union was chartered in 1932 as Cleveland Postal Employees CU. It now primarily serves U.S. Postal Service and Cuyahoga County employees, as well as residents of Cuyahoga County.
