In addition to the loan interest Give Back, a bonus dividend of over $690,000 was deposited into members’ savings accounts on Dec., 31, 2017, bringing the total Give Back to $1,588,194. This most recent Give Back exceeds the previous Give Back by 52 percent, when the credit union similarly gave $1.038 million back to members in the form of loan interest rebates and bonus dividends.
In addition to the aggressive member Give Back, American 1 Credit Union gave over $150,000 in charitable and community contributions during 2017 and was the sponsor of free community events such as the Women’s Expo, Kids Fest in Jackson and Hillsdale, and Buy Michigan Now Fall Fest, among others.
“The magnitude of our giving is driven by the loyalty of our members and their use of our products and services. Credit Unions are cooperatives. When members of a cooperative use the services the cooperative provides, the success that results is shared by members, and at American 1, we are delighted to give generously to the communities we are honored to serve,” said VP of Marketing and Communications, Laura Pryor.
Established in 1950, American 1 Credit Union today serves over 56,000 members with branches in Jackson, Washtenaw, Hillsdale, Calhoun, Macomb, Lenawee and Wayne counties.