Members of SAFE Federal Credit Union received annual bonus dividends and interest rebates on December 31 totaling approximately $1.3 million.
The payments were based on members’ account usage. Deposit accounts, including certificates, received an 8 percent bonus based on dividends received in 2019. Loan accounts (except credit cards) received a 3 percent rebate based on total interest paid in 2019.
SAFE has paid more than $32 million in bonus dividends and interest rebates to its members over the last 23 years.
“Like family, we’re here to help our members earn more on savings and pay less on loans. And, like family, we’re happy to share during the good years,” said SAFE’s President and CEO Darrell Merkel.
About SAFE Federal Credit Union
SAFE Federal Credit Union, founded in 1955, is the one of the largest financial institutions based in South Carolina with over $1 billion in total assets, 126,000 members, and 16 branches. Membership is open to anyone who lives, works, worships, or goes to school in Sumter, Lee, Kershaw, Clarendon, and Florence counties, as well as parts of Richland, and Lexington counties. Membership is also open to employees of more than 500 companies located throughout the Midlands and relatives of those eligible to join. Connect with us at www.SAFEfed.org, on Facebook.com/SAFEfederalcreditunion or @SAFEFCU