Robins Financial Credit Union recently paid out a $13 million member rebate.
Since 2017, Robins Financial has given back $25 million to members in the form of a member rebate. This reward is a way to give back to members and to thank them for their contribution to the continued success of the credit union.
“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 Credit Union. “Giving back to our members is one of the primary benefits of credit union membership. When the credit union does well, everyone benefits.”
The active participation of both borrowers and savers contributed to the overall success of the credit union in 2018. The member rebate was based on components including active checking accounts, loan and deposit balances, years of membership and overall usage of Robins Financial products and services. The rebate was directly deposited into qualifying members’ accounts.