Antigo-based CoVantage Credit Union has returned $1.7 million in patronage to its borrowing and saving members.
Like prior years’ patronage, there are two components—a savings bonus, which provides an additional dividend and is based on total interest earned on select deposit accounts during the year, and a loan interest rebate, which returns a portion of the interest paid on qualifying loans.
CoVantage has provided the savings bonus for the past seven years, and the loan interest rebate has been provided since 1981. The $1.7 million provided for 2014 is nearly $100,000 more than the year before.
Add new comment