Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Baltimore MECU pays members 4.2M in cash bonuses
BALTIMORE (7/12/10)--MECU of Baltimore Inc. members received loan interest rebates and extraordinary dividends on June 29 and June 30, depositing more than $2.1 million into their accounts. The payments are the first half of an anticipated annual cash bonus totaling more than $4.2 million. “MECU has paid its members a cash bonus every year since 1981,” said Herman Williams Jr., MECU board chairman. “We are especially glad that we can continue this during a time of economic hardship. Many of our members work for Baltimore City and have had furlough days and other cutbacks. We’re glad that we can make finances a little easier for these members.” “The safety and security of our members’ money is at the forefront of what we do on a daily basis,” said MECU President/CEO Bert J. Hash Jr. “Because of this approach to financial management, MECU has grown steadily to where we reached more than $1 billion in assets last year.”


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
6 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
8 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
8 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
8 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
10 hours ago