The $3.7 billion DFCU Financial announced a payment of $24 million to 100,000 of its members.
“At DFCU Financial, returning cash back to our members is our way of saying 'thank you' for their loyalty,” Mark Shobe, president/CEO of DFCU Financial, said. “We believe it's our responsibility to share our success with the members who help us achieve it, whether they are borrowers or savers.”
The Dearborn, Mich.-based DFCU Financial said it has paid a total of $181 million to its members since 2006, a sum larger than any financial institution in the United States.
This year's reward surpasses last year's record-breaking $23 million payout, according to the credit union.
DFCU Financial said it returns approximately half of its annual earnings to members, who receive 0.50% cash back on their portfolios, which may include checking, savings, auto and mortgage loans and credit cards, annually.
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