BATTLE CREEK, Mich.—OMNI Community CU has paid a $1 million Cashback Rebate to its members.
According to the Michigan CU League, OMNI announced the rebate on its website in early January and invited members to calculate their estimated cashback amount with an online calculator. Rebate amounts ranged from .10% to .25% of each qualified member’s average daily loan and account balances during 2014.
Since 2008, OMNI has given back more than $6 million to their members.
Meanwhile, in Jay, Maine, OTIS FCU paid out $435,000 in interest refunds and bonus dividends to its 10,000 members through its Cooperative Community Advantage Program. The credit union paid back 10% of the interest paid on loans in 2014, and paid a 10% bonus on dividends earned in 2014. In addition, to mark the ten-year milestone of this program, the credit union awarded $10,000 to five local charities.
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