Robins Financial Credit Union paid a $14 million member rebate to qualifying members on Dec. 17.
“This reward was a way to give back to members and thank them for their contributed success of the credit union,” according to a Robins Financial press release. “The active participation of both borrowers and savers contributed to the overall success of the credit union in 2019. The member rebate was based on many different components such as an active checking account, loan and deposit balances, years of membership and overall usage of Robins Financial products and services. The money was directly deposited into qualifying members’ accounts.
Since 2017, Robins Financial has given back $40 million to members in the form of a member rebate.
“Since Robins Financial Credit Union is a not-for-profit cooperative, we give our earnings back to our members in the form of higher rates on savings, lower rates on loans, little to no fees and the most convenient products and services possible,” said John Rhea, president and CEO for Robins Financial. “Giving back to our members is one of the primary benefits of credit union membership. When the credit union does well, everyone benefits.”