Municipal Employees CU Announces MemberGive-Backs

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BALTIMORE - (02/01/05) -- Municipal Employees CU of Baltimoresaid it returned $3.7 million to its members in the form of loaninterest rebates and extraordinary dividends for 2004. Loaninterest rebates were deposited into members share accounts the endof November and the extraordinary dividends were deposited the endof December. The $750 million credit union ranks in the top 3%nationally in 'give-back factor,' a measurement in the credit unionindustry that looks at the interest rate charged on loans, theinterest paid on deposits and the amount returned to members at theend of the year.

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