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Eglin Federal Credit Union

Eglin Federal Credit Union - Empower Federal Credit Union announces a $2.5 million ‘give-back’ for 2010. The credit union is paying $2.5 million in ‘give-back’ bonus dividends to reward Empower members for a successful year.

John D. Wakefield, president/CEO of Empower, reports that Empower assets, loans, and net income increased significantly in 2010. According to Wakefield, credit unions are not-for-profit, so any excess profits are returned to the members in the form of better rates and service enhancements. “Despite a challenging economy, 2010 was a strong year for Empower, so we are paying our members a give-back dividend and interest rebate,” says Wakefield. “It’s a way of sharing Empower’s success with its member-owners, and a way to thank them for their membership.” The amount each member receives represents a percentage on savings account dividends earned and a rebate on loan interest paid throughout the year.

Members will see their dividend and interest rebate posted on December 31, 2010. Members must be active in the credit union to receive the dividend. Empower has approximately 90,000 members.

Eglin Federal Credit Union
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