Members Received Cash Back Again for 2024 Loans!
PAFCU members earned a 20% Cash Rebate for the interest they paid on their consumer loans last year!
This was the seventh consecutive year members have been rewarded for their loyalty to our credit union.
The cash rebates, deposited directly into each member's savings account in late December, range from a few dollars to over $600.
You may be wondering how much you might earn.
Let's say you paid $200 of interest for an auto loan during the year.
You would have earned a $40 cash rebate deposited directly into your PAFCU savings account.
It's that simple!
This unique program is our way of saying "Thank you" to our loyal members.
PAFCU's Board approves the cash rebate, which may change yearly depending on the credit union’s financial performance.
Here's More Details:
Members with consumers loans are qualified for the interest rebate. This includes auto, personal, recreational, and share secured loans.
The loan must have been with the credit union during the year.
The member must not have had any late payments during the year.
Upon the Board of Directors' approval in December, the credit union runs an internal report of each member's loan activity. The cash rebate is then automatically deposited into each member's savings account.
You can check your account from our home banking system to learn if you received a rebate.
The PAFCU Board of Directors intends to pay the cash back each year. However, the rebate is not guaranteed and depends on the credit union's financial performance. Anyone who causes PAFCU a loss is ineligible for the cash rebate. Mortgage, business loans, and credit cards are not eligible.
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