Wyomissing, PA, - Utilities Employees Credit Union (UECU) members celebrated the New Year with a bonus totaling $775, 000, which was distributed to members at the end of 2015. As a virtual credit union that does not have shareholders or branches to maintain, UECUs operating expenses are lower than those of a typical bank or credit union, allowing the Credit Union to return a greater share of profits to its member-owners.
Since the Credit Union reward program began in 2011, UECU has awarded over $4.7 million to members to thank them for making UECU their first choice and trusted partner for all of their financial needs. UECU makes it very easy for members to receive a year-end bonus. Members are not required to enroll in the reward program; all they have to do is use the Credit Unions savings and loan products. A members individual bonus is calculated by multiplying the bonus percentage (4% for 2015) by the amount of interest they paid on loans and earned on their savings accounts. Members can earn an additional $100 through the reward program by financing a new mortgage with UECU.
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Member Loyalty Bonus program is one of three Credit Union reward programs available to UECU members. Pat Zyma
