Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
ACIPCO FCU members receive rebate for 20th year
BIRMINGHAM, Ala. (11/29/12)--For the 20th consecutive year, ACIPCO FCU, based in Birmingham, Ala., announced its 7,300 members will receive a rebate totaling more than $1.7 million.

The interest rebate/bonus dividend is the largest rebate ever offered by the $130 million asset credit union to its members.  Its board of directors approved the rebate/dividend for 2012 at 35%.

"We're extremely fortunate to be able to offer such a large rebate with the economy in such an unstable state," said ACIPCO FCU CEO Mike Harrell.  "The credit union doesn't take credit for this rebate; we owe our success to our loyal members."

The dividend--distributed to members based on interest earned and dividends received between Jan. 1 and Sept. 30--will be deposited into members' accounts by Dec. 15.

ACIPCO FCU has offered a rebate since 1993 and has paid out more than $25 million to members during the past 20 years. It serves employees of the American Cast Iron Pipe Co. and their families.


RSS





print
News Now LiveWire
HFSC Chairman @RepHensarling announces subcommittee chairs for #114th Congress: http://t.co/FGnvnogI7n
6 hours ago
Don't Mullet Over: Check out @ECCU1's meme-rable campaign that brought in $8M in loans #NewsNow http://t.co/vNh2q01gcg
8 hours ago
#FOMC minutes show committee members debated erasing 'considerable time' from forward guidance #NewsNow #Market http://t.co/Gw0bEIFCe2
10 hours ago
NCUA votes 2 to 1 to approve 2015 budget: McWatters is dissenting vote.
12 hours ago
.@TheNCUA bd mmber McWatters at #NCUAbdmeeting invited specific, detailed comments on budget/budgetary process to be sent directly to him.
12 hours ago