Erie Federal Credit Union has announced that the credit union will pay a special patronage bonus to its membership for the second consecutive year.
The Patronage Bonus of $600,000 is larger than the previous year and was paid to eligible members prior to January 31, 2019. Previously, Erie FCU paid nearly $550,000 to 51,521 eligible members under its first patronage bonus program.
The Patronage Bonus was developed to distribute an equitable bonus back to members based on their individual account relationship and usage of Erie FCU products and services over the past calendar year.
“2018 was another extremely successful year for Erie Federal Credit Union and the Patronage Bonus reflects our dedication to sharing that success with our members while contributing to the communities we serve,” said CEO Brian Waugaman.
Since its inception in 1936, Erie Federal Credit Union has grown its membership to close to 60,000 with assets of more than $490 million.
For more information, visit www.eriefcu.org.