Neighbors Credit Union gives special dividend to its members
ST. LOUIS, MO (January 13, 2016) — Neighbors Credit Union knows how to give back to their communities and they are doing it again this year. Unlike banks and as a not-for-profit establishment, Neighbors doesn’t have paid board 9fewer fees. In December, they rewarded their members, not themselves, once again. As a thank you to their members, Neighbors Credit Union shared a special dividend of 1.31% APY* which amounts to approximately $209,000.
“We had another great year and would like to thank our members,” says Neighbors Credit Union President and CEO, John Servos. “We focus on what’s best for our members and we always strive to do what’s in their very best interest. It’s how we have grown for the past 87 years and we have no intention of stopping now.”
Neighbors’ first priority is to put people before profits and help their members reach their financial goals. They do this by providing the best rates on savings and loans, charging fewer and lower fees and providing services like money management counseling and financial education. To find out more about Neighbors Credit Union visit NeighborsCU.org.
About Neighbors Credit Union
Neighbors Credit Union serves more than 45,000 members in the St. Louis metro area providing exceptional experiences, personal and business financial solutions, and trusted advice. The Credit Union is recognized by Forbes Magazine as a 2021 Best in State Credit Unions for Missouri, earning the top ranking for Missouri.
Founded in 1928 by a group of U.S. Postal workers, Neighbors Credit Union is the region’s sixth largest credit union with more than $500 million in assets and 9 branches serving members throughout the community. The Credit Union is a full-service, independent financial institution, owned and operated by its membership, chartered by the state of Missouri, and federally insured by the National Credit Union Administration (NCUA)