WABASH, Ind. (Jan. 4, 2024) – In appreciation for member-owners dedication and the credit union’s strong operating performance in 2023, the Beacon Credit Union Board of Directors returned over $1.54 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 2023 and whose loans fell within the rebate guidelines.
“Beacon Credit Union had a good year in 2023, all thanks to the incredible support from our valued member-owners,” stated Dustin Cuttriss, CEO. “The consistent trust and commitment shown by our member-owners in saving and borrowing from us annually directly impacts 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 16 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 47,000 members and manages assets of approximately $1.5 Billion.