Hunt Valley, MD – Atlantic Financial Federal Credit Union is rewarding its valued members by issuing a 2016 year-end dividend bonus to members.
AFFCU board and management are proud to award a member bonus based on the outstanding financial performance of the credit union in 2016. “The dividend bonus is a tangible result of our successful year, made possible by the Credit Union’s prudent financial practices and strong capital level, which is a direct result of the members’ activity with the credit union” stated Matthew Piazza, AFFCU President and CEO.
AFFCU members will again share in the credit union’s success. AFFCU is returning 25% of the organizations 2016 Net Income to members in the form of a 2.5% bonus on dividends earned and a 2.5% rebate on interest paid on AFFCU loans. The Member Bonus Dividend payment will be posted to member accounts on January 31, 2017.
Piazza added, “It’s just another way that our members “win” and receive a unique banking experience unlike any other these days, on top of the great savings and earning potential that they have access to day in and day out at AFFCU. We know our members value AFFCU being reliable stewards of their money, evident in the strong relationships we’ve developed and the pride they have in their credit union.”
Michael Spencer, AFFCU Board Chairman, commented “This year-end Member bonus is our way of saying thanks to the members who have made Atlantic Financial Federal Credit Union their primary place to do their banking. As a not-for-profit cooperative institution, we acknowledge that these earnings are the members’ money, and feel that it should be returned to them whenever possible.”
Atlantic Financial Federal Credit Union (AFFCU), headquartered in Hunt Valley, Maryland, is a full- service financial institution serving the employees and their families of over 160 companies and organizations. Offering a full range of electronic services, members also have access to over 35,000 free ATMs and over 6,800 shared branches nationwide through the CO-OP Network. Visit www.affcu.org to learn more.
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