To reward its member-owners for their loyalty and the solid operating results recognized in 2018, the Board of Directors of Beacon Credit Union returned $1,629,643.41 of loan interest back to member-owners who utilize Beacon Credit Union for their borrowing needs.
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 2018, whose loan was not delinquent in its payments as of December 31, 2018; and whose loan remained active as of December 31, 2018. The qualifying accounts held by member-owners received 4% of the total interest paid during the year.
Kevin Willour, President/CEO, states, “We are blessed to have member-owners that trust and use the wide range of services that we offer, including loans. Beacon Credit Union would like to thank our member-owners for allowing us to continue to grow together, and we are delighted to return this rebate to them.”
Beacon Credit Union has returned over $12.6 million of interest back to member-borrowers over the past 13 years.