Extra Money in Your Account: Our Gift of Thanks to You

One of the things I like about working for a credit union is our focus on members. It’s not just helping members save money on loans, or greeting them with a smile at a branch. It’s that our members created the credit union 60+ years ago, and they still are the only reason we exist.  

Our cooperative structure means we do things like return funds to member-owners. As we have for the past 18 years, we are again distributing a Loyalty Dividend. The Board of Directors has approved an extraordinary payment of 2% on dividends earned and 2% of finance charges on most consumer loans paid in 2015.

The Loyalty Dividend, paid on December 31, 2015, is a way to thank members for doing their financial business with Hanscom FCU. Hanscom FCU has awarded a Loyalty Dividend for 19 consecutive years – a solid record of strong financial performance.

That’s in addition to savings members enjoy throughout the year from favorable loan and savings rates and minimal fees. To me, those things rates are part of our appeal and a great benefit to members, but they don’t tell the whole story. It’s the extra return at the end of the year that reveals our commitment to the credit union movement and our purpose in members’ lives.

If you are already a member, thank you for trusting us with your financial business. We hope you enjoy this extra return from your membership. If you have loans or savings elsewhere, take a look at the interest you paid or received for 2015 and see what you could gain if those accounts were at Hanscom FCU.

If you aren’t a member, what are you waiting for?

Loyalty Dividend FAQ

Who will get a Loyalty Dividend?

Members who in good standing will receive a percentage of year-to-date interest paid and dividends earned on eligible consumer loan and savings accounts. 

What is a member in good standing?

A member in good standing must have an open account, at least $25 in a prime share account, be current on all loans and must not have caused the credit union a loss.

What accounts are eligible? 

Savings accounts: prime share, secondary share, holiday and vacation savings, money market, higher yield savings, regular and IRA certificates, and CU Thrive. Consumer loans: home equity, Visa® Platinum credit lines, vehicle loans, reserve lines of credit, share secured loans, and personal loans and lines. 

Where can I find my Loyalty Dividend?

Loyalty Dividends are posted to your primary savings account on December 31, 2015. Look for a special entry in your online account history or your statement. It will be labeled “Extraordinary Dividends” and there will be one for each eligible account. For IRA accounts, the dividend will be posted to each individual account.

Where do the funds for the Loyalty Dividend come from?

The Loyalty Dividend is funded from earnings above and beyond those needed to safeguard accounts, pay regular dividends, and operate the credit union.

How does the Board of Directors decide whether to approve a Loyalty Dividend?

Our tradition is to return funds to the membership when reserves and capital are determined to be in excess of what is necessary to protect member accounts.

 Is the Loyalty Dividend paid every year?

The Board of Directors determines whether to approve a Loyalty Dividend each year, based on reserves and capital. Loyalty Dividends are a result of membership participation throughout the year along with prudent management of credit union assets.

Will I have to report my Loyalty Dividends on my taxes? 

Yes. Your dividends will be included in your 1099-INT form after the disbursement of the Loyalty Dividend. 


Do you still have questions about the program? Call us at 800-656-4328.


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Hanscom Federal Credit Union
Hanscom Federal Credit Union

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