Friday, February 21st, 2020

Beacon returns $1.6 million to members

Posted: Friday, January 10, 2020

To reward its member-owners for their loyalty and solid operating results recognized in 2019, Beacon Credit Union’s board of directors returned $1,660,235 of loan interest back to member-owners who utilize the 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 2019, whose loan was not delinquent and remained active as of December 31. The qualifying accounts held by member-owners received four percent of the total interest paid during the year.

“This rebate is one way Beacon Credit Union shares financial success with our loyal members,” said Kevin Willour, president and CEO of Beacon Credit Union. “2019 was a great year for the credit union and being able to return over $1.6 million to our membership is a point of pride for our entire team.

Beacon Credit Union has returned over $14.2 million of interest back to member-borrowers over the past 14 years.