Fri, Jul 28, 2017
MECU of Baltimore said it has returned $1 million to its members at mid-year.
The $1-million payout was distributed to qualifying members based on their individual deposit and loan relationship with the credit union through the first six months of 2017.
This year’s bonus payout marks the 37th consecutive year MECU has given a portion of the credit union’s profits back to its members. Since 1981, MECU said it has returned more than $81 million to its members.
“We are excited to again share a portion of our profits with our member-owners,” said John Hamilton, MECU president and CEO, in a statement. “As a financial cooperative, our members are the key to our success and the Member Bonus allows us to say thank you in a meaningful way.”
As part of the “Thanks a Million” celebration, members can also enter for a chance to double their bonus, up to $500. For info: mecu.com/bonus.