Premier Federal Credit Union returns profits to membership
GREENSBORO, NC (January 4, 2017) — For the seventh consecutive year, members of Premier Federal Credit Union received 5% of the interest paid in 2016 on eligible loans. More than 9,400 members received a portion of the $260,710 given back through a deposit to their savings account. Over the past seven years, $1,750,723 has been returned to members in the form of an annual interest rebate.
“Being a not-for-profit financial cooperative, we are committed to enhancing the benefits of being a member-owner.” stated Lori Thompson, President and CEO. “Our philosophy is that of “People Helping People” and we are proud to have helped so many of our members save money and get the things they need through our lending products.” The decision to give the interest rebate was made by the Board of Directors at the meeting held in November with the announcement being made to the membership in the winter newsletter. “The response from our members over the years has been very positive.” said Thompson. “We are grateful for the opportunity to serve them and the annual interest rebate is our way of saying ‘thank you!’”
About Premier Federal Credit Union
Premier Federal Credit Union was founded in 1963 and serves more than 28,000+ members with branches in Guilford, Cleveland, Rowan, Rutherford, Alamance, and Buncombe counties in North and Union county in South
Carolina. The credit union’s mission is, “To provide lending solutions that positively impact our members and communities”. PFCU’s loans are designed to lessen economic strain felt by the communities and families served by
the credit union.