ST. LOUIS, MO (January 21, 2015) -- 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 of directors or shareholders. Their profits are returned to their members in the form of better rates and fewer 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 1.15% APY* - one percent over their regular 0.15% APY!
“We had another great year and would like to thank our members,” says Neighbors Credit Union President and CEO, John Servos. “We’ve grown our business by thinking about 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 86 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.