American 1 Credit Union member Give Back tops $1.5 million
JACKSON, MI (January 30, 2018) — American 1 Credit Union began 2018 with a generous Give Back to its members which totaled $1.58 million dollars. Members who financed with American 1 Credit Union during 2017 received 50% of their loan interest back. Nearly $900,000 in loan interest rebates were returned to members, with the average individual member Give Back exceeding $150. In addition to the loan interest Give Back, a bonus dividend of over $690,000 was deposited into members’ savings accounts on December 31, 2017, bringing the total Give Back to $1,588,194.00.
This most recent Give Back exceeds the previous Give Back by 52%, when the credit union similarly gave $1.038 million back to members in the form of loan interest rebates and bonus dividends.
In addition to the aggressive member Give Back, American 1 Credit Union gave over $150,000 in charitable and community contributions during 2017 and was the sponsor of free community events such as the Women’s Expo, Kids Fest in Jackson and Hillsdale, and Buy Michigan Now Fall Fest, among others.
“The magnitude of our giving is driven by the loyalty of our members and their use of our products and services. Credit Unions are cooperatives. When members of a cooperative use the services the cooperative provides, the success that results is shared by members, and at American 1, we are delighted to give generously to the communities we are honored to serve,” said VP of Marketing and Communications, Laura Pryor.
Established in 1950, American 1 Credit Union today serves over 56,000 members with branches in Jackson, Washtenaw, Hillsdale, Calhoun, Macomb, Lenawee and Wayne counties.
About American 1 Credit Union
American 1 Credit Union was established in Jackson, Michigan, in 1950 and expanded into Lenawee, Wayne, Monroe, Washtenaw, Hillsdale, and Calhoun County. The credit union now serves over 65,000 members, including over 250 employees, with 17 open branches and a 24/7 full-service Contact Center. American 1, recipient of the Forbes Best-in-State Credit Union Award for 2023, is proud to serve the members of its communities by creating financial wellness through personal everyday banking.
