Members of Vermillion Federal Credit Union will get help paying for their holiday expenses with a bonus dividend and interest rebate.
The credit union board of directors has declared a patronage dividend and interest rebate as a way to say �thank you� to its members for banking with the credit union. It is based upon members� total relationship � the more balances they have with VFCU the more the dividend or rebate will be. Qualifying products include loans, credit cards, savings accounts and certificates of deposit.
This is the first time VFCU has given an extra dividend or interest rebate.
�Since members own the credit union, this is a great way for us to thank them and to share our success. We don�t know what the future holds as far as giving a dividend again but we do know what we can do it this year, and that helps out our members by putting a little extra in their account� said Janet Mount, CEO of Vermillion Federal Credit Union.