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CU System
Pacul Services offers loyalty rebate
HARRISBURG, Pa. (12/30/10)--Pennsylvania Credit Union Association member credit unions will receive a $500,000 “loyalty rebate” from the league’s credit union service organization (Life is a Highway Dec. 29). The payment from Pacul Services was calculated based on assets and will be allocated using a formula that returns 18 basis points with a minimum rebate of $100 for smaller credit unions. In the aggregate, Pacul Services will return almost $500,000 of the projected $1 million it earned in 2010. In addition to providing rebates to all member credit unions, the Pacul Services board of directors also authorized a $20,000 contribution to the Pennsylvania Credit Union Foundation to establish a fund for educational assistance for small credit unions.


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