Erie FCU awards Special Patronage Bonus for second consecutive year!
Credit Union gave a total of $600,000 to members in January 2019
ERIE, PA — Erie Federal Credit Union’s Board of Directors and management team is proud to announce that the credit union has paid a special patronage bonus to its membership for the second consecutive year.
This year’s Patronage Bonus of $600,000 is larger than last years and was paid to eligible members on January 17, 2019. Last year, 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. Any active member in good standing, on December 31, 2018, was eligible to receive their share of the declared Patronage Bonus.
“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 Brian Waugaman, CEO. “We truly want to thank our members for doing business with us, both borrowers and savers – it’s really that simple, and just the right thing to do. Sharing with our members is one of the many ways we are different from a bank.”
Members who use Erie FCU as their primary source for all of their financial needs received the greatest benefits from the Patronage Bonus.