GREENVILLE, S.C., March 24, 2016 /PRNewswire/ -- MTC Federal Credit Union announced Wednesday, March 23, 2016 that its Board of Directors has approved a $1,000,000 Relationship Dividend to its member-owners. The Relationship Dividend is to reward and thank the members for their loyalty. The announcement was made at the 40th Annual Meeting, held at CU-ICAR in Greenville, SC.
"The payment of the Relationship Dividend proves our commitment to serve our members," said MTC Federal CEO, Bill Love. The Relationship Dividend is the result of the credit union's financial strength, diverse product offering and active usage of the membership.
The credit union's purpose is to return value to its member-owners. The Relationship Dividend payout is paid above regular dividends, in addition to lower loan rates and above average dividends members already enjoy. "Our member-owners have demonstrated continued support, usage and faith in the financial strength of MTC Federal," said Jerry Pearson, Treasurer of the Board of Directors.
Growing the cooperative one member at a time by building deeper and meaningful relationships with the member-owners will increase the opportunity for future Relationship Dividend earnings.
About MTC Federal Credit Union
MTC Federal Credit Union headquarters is located in Greenville, SC with more than $160 million in assets. MTC Federal is a financial-cooperative and is federally insured by the NCUA, serving approximately 17,000 member-owners with 11 branches located in South Carolina, Alabama and Oklahoma. Its member-owners have 24/7 world-wide access to deposit and credit services with over 30,000 ATMs.
To learn more visit www.mtcfederal.com/relationshipdividend.
Contact: Mary Taylor
VP Marketing and Business Development
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SOURCE MTC Federal Credit Union