Dear Niagara’s Choice Member,
On behalf of the Board of Directors, I am pleased to announce a member loyalty payout of over $165,000. This will be distributed in the form of a bonus dividend and a loan interest rebate. The amount of each member’s bonus dividend/rebate is based on their level of participation, saving and borrowing, in the credit union.
Credit unions are true financial cooperatives and are only as great as their members. The member loyalty payout is because of the outstanding financial performance of the credit union in 2019 and is another way of sharing the credit union’s success with you, the member. Members reap the benefits of success while other financial institutions reward stockholders.
These payouts will be credited to your primary share account (01) on December 20, 2019. The amount received will be based on earned dividends through October 31st, 2019 and loan interest paid through December 19th, 2019.
Thank you for your business and a bigger thank you for putting your trust in us. The credit union is already looking forward to a great 2020!