PAFCU Gives Cash Back for 2018 Personal Loans!
Some might say 2018 was a good year for the credit union.
That’s not quite accurate. 2018 was a great year!
Since saying “Thank You” to our members just didn’t seem like enough, PAFCU’s Board of Directors authorized a cash rebate equal to 20% of interest members paid in 2018 on their non-mortgage loans.
That’s right! Members who had a vehicle loan, personal loan, or an unsecured line of credit in 2018 received a cash deposit into their share accounts in December. Cash rebates ranged from $5 to more than $800, depending on how much loan interest members paid in 2018.
We are often asked to explain the difference between banks and credit union. Banks return their profits to their stockholders. Credit Unions return their profits to their members in the form of better interest rates and lower or no fees. And this interest rebate certainly illustrates this difference.
We truly appreciate your support for the only credit union formed to help the Polish community. We wish our members nothing but the very best in 2019.
*The rebate amount members receive depends on the number of months the loan was active since January 2018. If your loan began during another month of the year, the amount will reflect the corresponding rebate.
This rebate is for 2018 loans only. Any member that was delinquent with a payment in 2018, or caused the credit union a loss, is not eligible for this rebate. Mortgages, home equity loans/lines, and credit card loans are not included. Minimum qualifying rebate amount is one cent. The credit union may consider the offer again in 2019 but the rebate is not guaranteed.
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