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Strategies to reward loyal patrons differ among financial institutions as well as from region to region.
Besting national averages across various penetration and efficiency rates, financial cooperatives in the Keystone State are efficiently serving members and expanding books of business with their current staffing models.
This quarter, Credit Union Strategy & Performance is all about showing off successes and looking forward to the future.
The Loan Star State has the highest number of credit unions at 475, and its stellar growth and member metrics evokes the saying “Don’t mess with Texas.”
A Colorado credit union’s popular CD special drew in $80 million as well as rate chasers looking for a good deal during bad times.
CoVantage Credit Union’s $1.7 million patronage payout in 2014 marked the 33rd consecutive year the Wisconsin credit union has returned extra value to its loyal member-owners.
Workers’ Credit Union started its patronage dividend in 2013. In 2015, it wants to give back $3 million to its membership. Here’s how.
A 2015 Callahan & Associates survey finds capital is a key reason to pay out to members. Yet despite the fact everyone likes to get money back, financial cooperatives don’t appear concerned about reaping the positive publicity.
Paying a patronage dividend helps engender loyalty among a credit union's membership and strengthens its brand in the community.
Bonus dividends help credit unions stand out from banks and increase their member rosters.
The benefits are endless!