News & Announcements

CACU Waives Fees, Gives Bonus Dividend for Member Credit Unions

Posted on June 24, 2019

At the end of 2018, Corporate America gave members a 50-basis point bonus dividend on all Perpetual Contributed Capital accounts for the year 2018, waived December service fees, and paid FRB pass through charges that settle to members’ CACU accounts on their behalf.

The positive response from member credit unions was enthusiastic and widespread from across the country.

“I have worked in the Credit Union industry for 26 years and this is the first time (at least that I can remember) that I have seen anything like this,” said Darryn Hodgson, CFO at Members First Credit Union.  “It is so refreshing to have a business partner that is willing to make decisions like this to show their Members/Partners that they care.”

Corporate America was so excited about their members’ response, they decided to do it again, calling it The Big Give-Back Part 2.

“We’ve had a strong first half of 2019, thanks to our amazing members and their continued support.” said Corporate America President & CEO Pete Pritts. “As a corporate credit union, our primary mission is to ease burdens so our members thrive.  So, doing the ‘give back’ again was an easy decision.”

For The Big Give-Back Part 2, Corporate America is waiving June service fees, paying FRB pass through charges that settle to their members’ CACU accounts, and giving members a 50-basis point bonus dividend on all Perpetual Contributed Capital accounts.

“This is what credit unions do,” Pritts continued, “We give back. We give back to our members. They give back to their members and employees…the whole community benefits. Giving back is our mission, our goal, and our greatest reward.”

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