Hanscom AFB, MA (January 2, 2020) – Hanscom Federal Credit Union has announced a membership payout for 2019. The Hanscom FCU Board of Directors approved a payment based on dividends earned and consumer loan finance charges paid in 2019. The Loyalty Dividend this year will total over $437,000 being given back to members.
The Loyalty Dividend payment will be posted to member accounts on January 15, 2020 in order to include a wider variety of loan products than before, this year including student loans and first mortgages. This is the 23rd consecutive year the credit union has paid dividends, returning over $11 million directly to members since 1996.
“We’re thrilled we can expand our Loyalty Dividend this year, the result of another successful year,” said Ray Phillips, Hanscom FCU’s Chairman of the Board. “I’m proud to be able to show our appreciation for all of our members in a tangible, impactful way.”