Materion Federal Credit Union offers a very unique program for our members called Share the Success Payback.
In the spirit of the credit union philosophy of “people helping people”, Materion Federal Credit Union believes that the success of the credit union should be shared with its members. After all, the credit union’s success is a result of the members who use our products and services.
So every year in mid-December, we celebrate our Share the Success Payback by paying members a cash reward based on the savings and loan products that they utilize at the credit union. The payback is calculated by a formula, approved by the Board of Directors, based on how much interest you’ve paid on loans and the dividends you’ve earned on deposit accounts.
Our Share the Success Payback is our way of thanking our members for doing business with us. The more you use us, the more you can Share the Success!
Since the inception of the Share the Success Payback in 2005, we’ve paid out over $314,000 to our members!
*Share the Success Payback is the name given to Materion Federal Credit Union’s bonus dividend and interest rebate. Members receive a percentage of the dividends earned from January 1 through November 30 of any given year on all savings products. The bonus will be paid to regular savings. The interest rebate is a percentage of of interest paid on all loans excluding Business Loans, Investment property Mortgage Loans, CU Members Mortgage Loans and VISA from January 1 through November 30 of any given year. The interest will be deducted on the loan and paid to regular savings. To qualify a minimum of $5 in savings is required and membership must be open and in good standing. Members with loans 16 days or more delinquent do not qualify to participate in the Share the Success Payback. The Share the Success Payback is approved at the discretion of the Board of Directors on an annual basis. This promotion is subject to change without notice. The Share the Success Payback will be reflected on your annual 1099.