Tyndall Federal Credit Union deposited its latest profit-sharing giveback to member accounts today, totaling over $20 million. That makes more than $62 million in the last 5 years alone.
During this time of economic uncertainty, Tyndall has eliminated many of its most common member fees and now charges $28 per member per year vs. $78 per peer group. Source: Callahan & Associates
“At the heart of everything we do lies our commitment to our members,” said Laura Rendell, the Chief Operating Officer. “This means every decision we make – our values are more than just words. What matters is more money in our members' pockets. We build all our products and services with that in mind to help our members keep money in their pocket and live a better life.”
The Tyndall Giveback was awarded based on 6 member activities from using electronic services such as online banking, bill pay, direct deposit, card usage, and having a loan or checking account. The more goals the member achieved, the larger the Giveback they received.
Each member had the potential to receive up to $700 this year. Tyndall deposited over 270,000 Giveback deposits to more than 82,000 member accounts ranging from $70 to $780 with an average member profit-share Giveback of $250.
“It feels good,” said Hope Patterson, a Tyndall member since childhood. “The Giveback comes when we need it, at the end of the year, Christmas. They say it pays to be with Tyndall and that's the case.”
Laura Rendell, Tyndall’s Chief Operating Officer, says “Tyndall’s mission is to make a meaningful difference in the lives of our members. This profit-share is a direct reflection of that commitment.”
Federally insured by NCUA