Credit Unions Give Back to Members Directly
Credit unions in Missouri give back to their members in many ways, including actual cash back. As not-for-profit financial cooperatives, a credit union’s top priority is to serve members with exceptional personal service, products, and services at fair prices.
On average, every credit union member in the United States had a direct financial benefit of $62 in 2012. That came from lower rates on loans, higher returns on savings, and lower and fewer fees than a bank. But that $62 benefit is only an average. Active members who use many credit union services often see even greater benefits.
These are just a few of the credit unions in Missouri that returned money directly back into the pockets of its members in 2012.
- Educational Community Credit Union (Springfield), with 7,304 members, returned $16,716.35 to members.
- Anheuser-Busch Employees Credit Union (St. Louis) with more than 69,700 members, provided $1.2 million.
- DeSoto Mo Pac Credit Union, serving 848 members, returned more than $10,000 directly to members.
- Central Missouri Community Credit Union (Warrensburg), with 13,411 members, provided $544,503 to members.
- CommunityAmerica Credit Union (Kansas City) serves 169,631 members and provided $5 million back to members.
- Midwest Credit Union (Florissant), with 2,742 members, returned $5,095.37.
- First Financial Credit Union (Jefferson City) serves 6,433 members and provided a $137,000 rebate.
- Poplar Bluff Federal Credit Union, serving 8,488 members, returned a $125,000 rebate.
- KC Area Credit Union (Kansas City), with 1,584 members, provided $803.74 in cash back.
- KC Police Credit Union (Kansas City), serving 8,855 members, returned $200,000.
- St. Louis Policemen's Credit Union has 2,436 members, who received $42,705 collectively.
- Horizon Credit Union (Macon) has 2,364 members and provided $14,033 back to members.
That totals up to more than $7.185 million returned back to members in Missouri in 2012. Nationwide, 96 million credit union members received about $6 billion in credit union benefits.
“As a member-owned institution, members reap the benefits of our success,” says Dennis Pierce, CEO of CommunityAmerica Credit Union. “We consistently demonstrate this commitment throughout the year by offering competitive rates and exceptional products and services to help members achieve their financial dreams.”