Posted January 5, 2016 – Banking at First Service Credit Union pays off with more than just great rates and outstanding service. The cooperative-based financial institution has given its members a portion of its earnings from 2015.
Every member in good standing at First Service is eligible for a special patronage dividend. Each member’s portion of the credit union’s earnings dividend was based on the number of financial products and services they used in the past year. Some members received as much as $900. In all, First Service has shared some $300,000 with members, with the money automatically deposited into their account on December 31.
First Service Credit Union offers a full suite of financial products and services to help its members manage their money. From free checking to auto and mortgage lending, members of First Service have access to all of the same great financial resources found at a national bank.
“Unlike banks, we are a cooperatively owned financial institution that exists solely for our member-owners,” said Dave Bleazard, President of First Service Credit Union.
“It is because of our members’ loyalty we’ve been experiencing dramatic year-over-year growth in assets. The patronage dividend allows us to give back to our members part of the profits they helped us generate.”
Bleazard added, “We exist to serve and financially empower our members. This is just a small way we can thank members for their support.”