BALTIMORE–MECU of Baltimore has paid another mid-year bonus to its members.
The credit union has paid out $1.5 million to members in the form of loan interest rebates and extraordinary dividends. MECU has paid the bonuses to members every year since 1981.
The cash bonuses are paid twice a year – at the end of June and in December. MECU returned a portion of the interest members paid on loans and lines of credit during the past six months. All deposit accounts, from saving to CDs, had extra interest paid on top of MECU’s normally high rates.