It Pays To Be a Member/Owner of Fort Worth City Credit Union
As a member of Fort Worth City Credit Union, you share in our ownership - and our earnings. Based on the Credit Union's solid 2018 performance, we are pleased to again share our success with our members by returning a large portion of our profits to our members in the form of bonus dividends and loan interest rebates.
Members who saved money in 2018 received a bonus dividend of 35% on the dividends they earned on their share account during the past 12 months. For example, if you earned $100 in interest on your savings account in 2018, you will earn an additional $35.00. If you earned $50, your bonus dividend would be $17.50. This bonus dividend was credited to your share/savings account on December 31, 2018.
Members who borrowed money in 2018 were refunded 10% of the interest paid on all loans, except real estate loans serviced by CU Members Mortgage (Colonial Savings). For example, if you paid $500 in loan interest for 2018, you would get $50 posted to your savings account. This rebate is calculated for each eligible loan you have, even if it was paid off during the year. This interest rebate was credited to your share/savings on December 31, 2018.
Bonus dividends are a cornerstone of the not-for-profit model, and a benefit of doing business with this Credit Union. Interest rebates lower your effective interest rate and reduce your cost of borrowing from Fort Worth City Credit Union. Please continue to refer your co-workers, friends, and relatives to Fort Worth City Credit Union. Our growth and financial strength allow us to maintain an efficient and profitable operation, and as a result, to continue to return earnings such as these to you.
As always, we appreciate your business and membership, and look forward to serving you in 2019.