Two More CUs Announce Year-End Payouts
TEXAS CITY, Texas – AMOCO Federal Credit Union is paying a $1 million bonus dividend/loan interest refund to its members, the 15th year it has made such a year-end payment.
Funds will be paid as a 4% bonus on the dividends earned on deposits and/or interest paid on loans and credit cards for accounts in good standing as of Dec. 31.
In Oklahoma City, Okla, meanwhile, FAA Credit Union is paying its 45,000 members a year-end rebate of $300,000. Account holders with loans will receive a 2% rebate on most interest paid in 2010 and a 2% bonus on most dividends earned during the year.
It is the 10th consecutive year FAA CU has made such a payment.