Beacon gives back some loan interest

To reward its member-owners for their loyalty and the solid operating results recognized in 2018, the Board of Directors of Beacon Credit Union returned $1,629,643.41 of loan interest back to member-owners who utilize Beacon Credit Union for their borrowing needs.

The money returned to borrowers was in the form of a loan interest rebate. Those receiving the rebate were member-owners who paid interest on a loan during 2018, whose loan was not delinquent in its payments as of Dec. 31, 2018 and whose loan remained active as of Dec. 31, 2018. The qualifying accounts held by member-owners received 4 percent of the total interest paid during the year.

Beacon Credit Union has returned over $12.6 million of interest back to member-borrowers over the past 13 years.