Community Choice Credit Union announced today that it has awarded $1,811,283* to members as part of its 2015 GetBigReward$® payout. This means more than 40% of the Credit Union's net earnings were given back to credit union members — a nightmare for profit-driven banks. The remaining earnings will continue to be reinvested in technology, improved convenience and new locations.
"The GetBigReward$ program is one of many ways we look to give back to our members," said Alan Bergstrom, SVP and Chief Marketing Officer of Community Choice Credit Union. "At a time when consumers are losing their shirt to the banks, this reward reinforces our commitment to give back to our members and to be their financial partner for life.”
This is the third payout members have received from Community Choice Credit Union and marks the largest reward that the Credit Union has ever provided to its members.
Top three payouts to members for 2015:
Members who actively use Community Choice products and services are recognized as Emerald and Gold members. Each month, Emerald and Gold members receive credits deposited into their GetBigReward$ account. The credits are used to offset or eliminate overdraft and other account fees. At the conclusion of the year, any credits not utilized are deposited into member share (savings) accounts. Additionally, Emerald members receive a 10 percent loan interest rebate based on the total interest paid on eligible loans.