The $1.1 billion MECU of Baltimore has paid its members a loan interest rebate totaling more than $1 million and expects to pay an additional bonus dividend on deposit accounts at the end of December, the CU announced.
Members received rebates of 6% of the total interest they paid on their loans between June 25 and Nov. 30, 2011. The credit union's latest loan interest rebate payout totaled $1,139,000.
In June 2011, MECU paid a bonus dividend of more than $2 million to its membership, which encompassed a loan interest rebate and bonus dividend on deposit accounts.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
