Empower Federal Credit Union announces another ‘giveback’ to our members for 2021. This year, the credit union is paying $4.5 million in ‘giveback’ bonus dividends and interest rebates to reward Empower members.
Lori Verzillo, Senior Vice President/ Chief Retail Officer, “As we continue to navigate through these difficult times, we are pleased to announce the Board of Directors approved a $4,500,000 member giveback to our member-owners. Over the past 14 years, Empower FCU has given back $44,000,000 to our member-owners. We thank all our many members who take advantage of the products and services we offer; and for all your patience and perseverance during these difficult times.” The amount each member receives represents a percentage of savings account dividends earned and a rebate on loan interest paid throughout the year.
Members in good standing will see the bonus dividends and interest rebates, excluding student loans, posted on December 31, 2021.