Hanscom Federal Credit Union , a $1.16 billion institution based at Hanscom AFB, Mass., has paid out a loyalty dividend to its membership which will return 2% of most consumer loan finance charges as well as 2% of dividends earned on savings.
The payout marks the 20th consecutive year the credit union has issued such dividends, returning more than $8 million directly to its members since 1996.
The latest payment will be posted to member accounts on Dec, 31, 2016.
"The loyalty dividend is a tangible result of a successful year," Hanscom FCU board chairman Paul Marotta said in a statement. "We have the support of our members in the form of increased loans and deposits, and we are continually grateful for their confidence in us."
