Redmond, Wash. – Qualstar Credit Union is thanking members for their continued loyalty by giving them back $2.5 Million in bonus dividends this month. Individual bonus dividends range from five dollars to several thousand, with the average member receiving a bonus dividend of $72.
“We have extremely loyal members,” explains Qualstar CEO, Mark Nelson, “and last year their loyalty helped us have our most profitable year ever. We felt that with the exceptional earnings we saw as a result of that loyalty, the best way to thank them is to give back to those members who helped make that happen. While we know we won’t be in a position to do this every year, the Board of Directors and Management Team felt our members should share in the success of their credit union.”
Members aren’t just earning dividends based on their deposit balances, they are also being paid out based on their loan balances, the types of loans they have, as well as other services that help reduce expenses to the credit union including Home Banking and eStatements.
“This isn’t about who has the most money on deposit, it’s about thanking all of our members for their contribution to our success.” said Tracey Elfstrom, VP of Member Relations. “Whether they have a large Money Market balance, a mortgage loan, or a Visa Credit Card, it all matters, it’s all important – and they all deserve to benefit as a result.”
A letter announcing the Loyalty Bonus was mailed out to members January 14th. The bonuses will be deposited to member accounts on Monday, January 28th. For more Loyalty Bonus details visit www.qualstarcu.com/loyalty-bonus.
About Qualstar
Qualstar Credit Union is a $327 million financial cooperative that has served the Puget Sound area for more than 60 years. Originally chartered in 1952 by a small group of Safeway employees, Qualstar is one of the leading credit unions in Washington serving 49,000 members including employees of Safeway, King County/Metro, and many local labor unions. Anyone living or working in Washington State is eligible to become a member of Qualstar Credit Union. For more information please visit us at www.qualstarcu.com.