SRP Federal Credit Union members started the new year off with some extra cash. In December, the SRP FCU Board of Directors approved a Loyalty Dividend, totaling more than $1.5 million, to be paid out across their membership. The additional dividend was designed to reward SRP members and to recognize the financial strength of the Credit Union.
SRP FCU is a member-owned nonprofit financial institution with a volunteer Board of Directors. SRP members can receive higher interest rates on savings, lower rates on loans, and lower fees.
“Creating value for and giving back to our member-owners are strategic priorities for SRP,” says SRP CEO, Eric Jenkins. “This Loyalty Dividend is a tangible example of how we accomplish this goal. We are so appreciative of our members’ loyalty and support!”
