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Loyalty Dividend

To celebrate another successful year, Hanscom FCU’s Board of Directors has approved a loyalty dividend on dividends earned and consumer loan finance charges paid in 2019.

Your loyalty dividends have traditionally been paid in December. However, to allow us to include a wider variety of our loan products than before, this year your loyalty dividend will post in January 2020. 

This extra dividend reflects our commitment to you. By staying true to our philosophy, we remain a safe and secure home for your savings and a low-cost option for all of your lending needs. Please check your January 2020 statement for details. 

Loyalty Dividend FAQs

Chairman's Letter

On behalf of our volunteer Board of Directors and the employees of Hanscom Federal Credit Union, I wish you and yours a joyous holiday season. May 2020 be filled with remarkable good health, prosperity, and cheer!

Read the Chairman's letter 

Loyalty Dividend Frequently Asked Questions

  • Who will get a Loyalty Dividend?

    Members who are in good standing will receive a percentage of year-to-date interest paid and dividends earned on eligible consumer loan and savings accounts. 

  • What is a member in good standing?

    A member in good standing must have an open account, at least $25 in a prime share account, be current on all loans and must not have caused the credit union a loss.

  • Where can I find my Loyalty Dividend?

    This year your loyalty dividend will post in January 2020. Hanscom FCU will distribute an extraordinary payment of dividends earned and interest paid on most consumer loans. Loyalty Dividends are posted to your primary savings account. Look for a special entry in your online account history or your statement. It will be labeled “Extraordinary Dividends” and there will be one for each eligible account. For IRA accounts, the dividend will be posted to each individual account.

  • What accounts are eligible?

    Savings accounts: prime share, secondary share, holiday and vacation savings, money market, higher yield savings, regular and IRA certificates, and CU Thrive. Consumer loans: home equity loans and lines, Mastercard® credit lines, vehicle loans, reserve lines of credit, share secured loans, student loans, first mortgages, and personal loans and lines.

  • Where do the funds for the Loyalty Dividend come from?

    The Loyalty Dividend is funded from earnings above and beyond those needed to safeguard accounts, pay regular dividends, and operate the credit union.

  • How does the Board of Directors decide whether to approve a Loyalty Dividend?

    Our tradition is to return funds to the membership when reserves and capital are determined to be in excess of what is necessary to protect member accounts.

  • Is the Loyalty Dividend paid every year?

    The Board of Directors determines whether to approve a Loyalty Dividend each year, based on reserves and capital. Loyalty Dividends are a result of membership participation throughout the year along with prudent management of credit union assets.

  • Will I have to report my Loyalty Dividends on my taxes?

    Yes. Your dividends will be included in your 1099-INT form after the disbursement of the Loyalty Dividend. 

  • Do you still have questions about the program?

    Call us at 800-656-4328.