Hanscom Federal Credit Union announced a membership payout for 2014. Known as the Loyalty Dividend, the special payment returns 2% of most consumer loan finance charges as well as 2% on dividends earned on savings.
The Loyalty Dividend payment was posted to member accounts on December 31, 2014. This is the 17th consecutive year the credit union paid such dividends, returning more than $8 million directly to its members since 1996.
“Our members are the driving force behind our success,” said Hanscom FCU Chairman of the Board Paul Marotta. “Their confidence in us and their patronage have made the Loyalty Dividend possible. Hanscom FCU members deserve not just our thanks, but a gesture that shows we mean it. I’m proud we’ve been able to offer one continuously for nearly two decades.”
Hanscom Federal Credit Union, headquartered at Hanscom Air Force Base in Massachusetts, serves 56,362 members across the country and overseas through 17 branches, over 100,000 service centers and surcharge-free ATMs, 24-hour telephone service and a web-based branch. The credit union holds over $1 billion in assets.
Hanscom FCU offers members an array of products and services, including free checking and savings accounts, consumer loans and credit cards, investment and insurance services, and mortgages for primary, secondary, and investment properties.