Wabash, Indiana – In appreciation for member-owners dedication and the credit union’s strong operating performance in 2022, the Beacon Credit Union Board of Directors returned over $1.34 million in loan interest to qualifying member-owners.
The money returned to borrowers was in the form of a loan interest rebate. Those receiving the rebate were member-owners who paid interest on a loan during 2022, whose loan was not delinquent and remained active as of December 31, 2022.
“2022 was a great year for Beacon Credit Union thanks to the support of our member-owners,” stated Kevin Willour, President/CEO. “The loyalty of our member-owners to save and borrow from us year after year contributes to our ability to return earnings in the form of an loan interest rebate.”
Beacon Credit Union has averaged over $1 million in yearly loan interest rebates for member-borrowers over the past 15 years.
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About Beacon Credit Union
Since 1931, Beacon Credit Union has provided quality financial services responsive to the needs of its member-owners. Serving 50 Indiana counties, Beacon consists of over 46,000 members and manages assets of approximately $1.5 Billion.