Scott CU Plans $600,000 Member Payout
COLLINSVILLE, Ill. – Members of Scott CU will get help paying for their holiday expenses with a bonus dividend and interest rebate totaling $600,000.
The $500 million credit union has given active members an additional 2% Annual Percentage Yield bonus dividend on their deposits and a rebate of 2% of the interest they paid this year on any loan or credit card to thank them for their loyalty.
“Since members own the credit union, this is a great way for us to thank them and share our success,” said Frank Padak, CEO of Scott CU.
Scott has paid members more than $1.5 million in bonus dividends over the past nine years.