Electro Savings Pays Rebates to Members
Electro Savings Credit Union (St. Louis) members who actively use the credit union’s products recently received a ‘thank you’ from the credit union in the form of a Member Patronage Rebate.
The credit union thanked its members with a combination of two rebates in January, a Savers Rebate and a Borrowers Rebate. The credit union’s Member Patronage Rebate Program is designed to reward its members who actively use their Electro Savings checking account and have a loan or non-checking deposit account at the credit union. Once a member qualifies with an active checking account, he or she is eligible to receive one or both of the two available rebates.
“As a not-for-profit financial cooperative, Electro Savings’ goal is to give back to our credit union members”, explains credit union President & CEO Stan Moeckli. “While other institutions are driven by profits, Electro Savings actively looks to return profits to our members who support the cooperative by actively using our products.”
Electro Savings plans to continue to build upon the program with the goal to increase the number of members who receive Member Patronage Rebates for actively using the credit union in 2014.