United Community Credit Union issues loyalty bonuses to members

QUINCY — United Community Credit Union (UCCU), a member-owned financial institution, recently paid its members more than $125,000 in interest rebates and bonus dividends in the form of deposits to their savings on March 15.

The loyalty bonus was issued to those who paid interest on personal, vehicle and home loans, or who earned dividends during 2023.

In a press release, CEO Sarah Distin said, “As a not-for-profit cooperative, we are always looking for ways to return value to our members. We do this by offering better-than-market rates and lower fees. This year, we had the opportunity to pay a cash bonus to our borrowers and savers, which put money directly back into our members’ pockets.

“We also offered our savers two high-yield CD specials that were very competitive in the marketplace. These are just a few of the many financial benefits of being a member of UCCU and our way of expressing gratitude to our members for their loyalty and continued support. We are also investing in our membership by opening a new branch at the convenient location of 36th and Columbus Road.”

Credit unions are financial institutions like banks, except they are owned by their members. They are nonprofit entities that aim to serve their members rather than seeking to earn a profit. Because of this, they typically offer better rates and lower fees than banks. There are more than 4,500 credit unions with more than 135 million credit union members in the U.S.

With origins dating back to 1941, UCCU remains dedicated to maintaining close, personal relationships with its account holders while delivering the best possible financial products and services.

United Community Credit Union Credit Union is a member-owned financial cooperative providing financial services to approximately 10,000 members with three offices in Quincy and one in Hannibal, Mo. Membership is open to those who live or work within Adams, Brown, Hancock, Pike and Schuyler counties in Illinois or in Lewis, Marion and Ralls counties in Missouri.

To learn more about United Community Credit Union and explore the benefits of membership or open an account, visit myuccu.com.