The Credit Union National Association (CUNA) recognized Service Credit Union (SCU) for being among the best at saving its members money. The credit union received the CUNA Benefits of Membership Award.
CUNA determined that each member household at SCU saved an average of $412 this past year compared to the same services from banks in its region.
The CUNA Benefits of Membership Award recognizes credit unions that offer exceptional financial value to their members in the form of benefits. Credit unions that showcase exemplary value are recognized for their achievements. The award recognized SCU for its low loan interest rates, higher-than average deposit yields, and fewer or lower fees compared to other banking institutions.
Credit unions submit their rates, fees and account yields with their applications, and judges compare these figures to those of competing banks to determine the average savings per member.
“Our mission is to enhance lives through exceptional service, financial well-being and enduring relationships,” said David W. Van Rossum, President/CEO of Service Credit Union. “Earning this distinction proves we are achieving our mission of helping our members build strong financial lives now and in the future.”