Thank You to our members and owners!
At Scott Credit Union, we value you – our members and owners. That’s why we have millions of reasons to thank you for your support.
We declared a bonus dividend and loan interest rebate, giving approximately $700,000 back to members. The money was directly deposited recently into Scott Credit Union members’ accounts.1
Scott Credit Union has given active members an additional 1.00% Annual Percentage Yield bonus dividend on their deposits and a rebate of 1.00% of the interest they paid this year on any loan or credit card to thank them for their loyalty.2
Over the past 13 years, Scott Credit Union has given bonus dividends and loan interest rebates back to members totaling nearly $13 million!
Since we are a not-for-profit cooperative, we give our earnings back to members through dividends, loan interest rebates, better rates on savings, lower rates on loans, lower fees and the most convenient services possible. Our structure is really the best for the consumer. When we do well, everyone benefits.
The Bonus Dividend and Loan Interest Rebate are two more examples of the value of your active membership with Scott Credit Union! We share our success with you… our members and owners!
Not A Member?
When you open accounts at Scott Credit Union, you become a member and an owner. As a not-for-profit organization, we share our success with you in the form of lower fees, better rates, and bonus dividends as mentioned above.
1The bonus dividends were paid on share savings accounts and IRA savings accounts for November (except on Holiday Club accounts). The bonus was paid on the monthly average balance of $100 or more through November 30, 2020.
2APY = Annual Percentage Yield