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MECU of Baltimore pays members cash bonuses

BALTIMORE, MD (July 8, 2015) — MECU members recently received some extra cash in their savings accounts. MECU returned $1.5 million to its members in the form of loan interest rebates and extraordinary dividends. The Board of Directors has voted to return profits to members every year since 1981. The cash bonuses are paid twice a year – at the end of June and in December.

MECU returned a portion of the interest members paid on loans and lines of credit during the past six months. All deposit accounts, from saving to CDs, had extra interest paid on top of MECU’s normally high rates.

It pays to be a member of MECU!

MECU is a member-owned not-for-profit financial cooperative committed to providing its members with high quality financial services, and outstanding service to our communities, through sound management and innovation for almost 80 years. It represents over 106,000 members, with assets of $1.2 billion. Visit MECU at www.MECU.com.

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