News & Updates

Erie FCU announces Special Patronage Bonus for second consecutive year

Posted on December 5th, 2018 at 8:35 AM
Erie FCU announces Special Patronage Bonus for second consecutive year

Erie Federal Credit Union has announced that the credit union will pay a special patronage bonus to its membership for the second consecutive year.

This year’s Patronage Bonus of $600,000 is larger than last years and will be paid to eligible members prior to January 31, 2019. Last year, Erie FCU paid nearly $550,000 to 51,521 eligible members under its first patronage bonus program.

The Patronage Bonus was developed to distribute an equitable bonus back to members based on their individual account relationship and usage of Erie FCU products and services over the past calendar year. Any active member in good standing, on December 31, 2018, will be eligible to receive their share of the declared Patronage Bonus.

“2018 was another extremely successful year for Erie Federal Credit Union and the Patronage Bonus reflects our dedication to sharing that success with our members while contributing to the communities we serve,” said Brian Waugaman, CEO. “We truly want to thank our members for doing business with us, both borrowers and savers – it’s really that simple, and just the right thing to do. Sharing with our members is one of the many ways we are different from a bank.”

Members who use Erie FCU as their primary source for all of their financial needs will receive the greatest benefits from the Patronage Bonus. For more information regarding the Patronage Bonus, visit eriefcu.org.

About Erie Federal Credit Union

Since its inception in 1936, Erie Federal Credit Union, the largest credit union in Northwest PA, has been serving its members in and around the Erie, Pennsylvania area with exceptional financial products. Erie FCU has grown its membership to close to 60,000 with assets of more than $490 million. They have 178 full and part-time employees with a home office and 9 branch locations. As a full-service, federally insured credit union, anyone who lives, works, worships, or attends school in Erie or Crawford County, PA is eligible to join. Erie FCU is an Equal Housing Lender.