Premier Federal Credit Union returns profits to membership
GREENSBORO, NC (January 8, 2016) — For the sixth consecutive year, members of Premier Federal Credit Union received 5% of the interest paid in 2015 on eligible loans. More than 9,400 members received a portion of the $272,000 given back through a deposit to their savings account. Over the past six years, more than $1,490,000 has been returned to members in the form of an annual interest rebate.
“The credit union philosophy as a financial cooperative is to return our profits to our members-owners. We are pleased to be in the financial position that afforded us this opportunity.” stated Lori Thompson, President and CEO. 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 has been very positive.” said Thompson, “Some were calling before year end in anticipation of how much their rebate would be. This is a great way for us to thank them for their business!” said Thompson.
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.