Thanks to their active participation through the loans and deposits they have with Andigo, we are able to give back with this owner participation dividend. It’s something they wouldn’t get from a bank, and it’s just one more way we show how we are different.
SCHAUMBURG, Ill. (PRWEB) January 29, 2018
Being a member of Andigo Credit Union pays off with more than just great rates, low fees and outstanding service.
For the fifth time since 2010, Andigo just paid an owner participation dividend to its member- owners. This dividend, which was declared by Andigo’s board of directors, represents funds remaining after the organization pays its expenses for the year and ensures that the credit union has adequate reserves. All members with active accounts in good standing qualified for the dividend paid on January 26. The dividend amount is based on each member’s active participation in the credit union such as their level of deposits, loans, and if they have a mortgage at the credit union.
Commenting on the dividend, Mike Murphy, President and Chief Executive Officer, said, “As a not-for-profit financial institution, we exist for the purpose of serving our members, who are the owners of the credit union. Thanks to their active participation through the loans and deposits they have with Andigo, we are able to give back with this owner participation dividend. It’s something they wouldn’t get from a bank, and it’s just one more way we show how we are different."
Andigo offers a full suite of financial products and services to help its members manage their financial lives. From free checking, to great rates on auto loans and mortgages, to complete wealth management services – members have access to all the same financial services of a big bank – without the bummer.
Headquartered in Schaumburg, IL, Andigo is an $880 million, not-for-profit, member-owned credit union serving the local area since 1939. They pass earnings back to their member-owners in the form of better rates, lower fees and no-cost services. And, they make the banking experience an enjoyable one every step of the way. Lose your bank and let’s go! To learn more about Andigo Credit Union, their products and services, please visit: https://www.andigo.org/