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) November 17, 2017
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 will be paying 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 will qualify for the dividend that will be paid in January. The dividend amount is based on each member’s active participation in the credit union such as their level of deposits, loans, and whether they have a mortgage.
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 low rate auto loans and mortgages to complete wealth management services – members have access to all the same financial services of a big bank – with the additional advantage of being an owner.
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: http://andigo.org.
For More Information, please contact Ron Gauvin, Vice President of Marketing, at (847) 576-5199.