Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Baltimore MECU pays members 4.2M in cash bonuses
BALTIMORE (7/12/10)--MECU of Baltimore Inc. members received loan interest rebates and extraordinary dividends on June 29 and June 30, depositing more than $2.1 million into their accounts. The payments are the first half of an anticipated annual cash bonus totaling more than $4.2 million. “MECU has paid its members a cash bonus every year since 1981,” said Herman Williams Jr., MECU board chairman. “We are especially glad that we can continue this during a time of economic hardship. Many of our members work for Baltimore City and have had furlough days and other cutbacks. We’re glad that we can make finances a little easier for these members.” “The safety and security of our members’ money is at the forefront of what we do on a daily basis,” said MECU President/CEO Bert J. Hash Jr. “Because of this approach to financial management, MECU has grown steadily to where we reached more than $1 billion in assets last year.”


RSS print
News Now LiveWire
#NewsNow: @FTC warns of government impostor scams. http://t.co/MMWBOcrqwJ
23 minutes ago
Registration open for @CUNAMutualGroup's Discovery Conference #NewNow http://t.co/CATF0j9ct1
49 minutes ago
Need an #ICUDay focus? Try fundraising for charities, says @WOCCU #NewsNow http://t.co/M1OUjImOIu
1 hours ago
#NewsNow: NJ-based money services business fined for repeated #BSA violations. http://t.co/6or7wDbomL
1 hours ago
#NewsNow: Wal-Mart to issue EMV MasterCards within next few weeks. http://t.co/9csqwhFEdB
2 hours ago