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$3.7 Million Awarded to MECU of Baltimore Members

BALTIMORE, Md. - MECU of Baltimore, Inc. has returned $3.7 million in earned income after expenses to its members in the form of loan interest rebates and dividends for the fiscal year 2004. Loan interest rebates were deposited into members' share accounts the end of November and the dividends were...

By Staff Writer | Updated on February 08, 2005

BALTIMORE, Md. – MECU of Baltimore, Inc. has returned $3.7 million in earned income after expenses to its members in the form of loan interest rebates and dividends for the fiscal year 2004. Loan interest rebates were deposited into members’ share accounts the end of November and the dividends were deposited the end of December. “As the credit union for the City of Baltimore, MECU is committed to serving our members in the spirit of the credit union philosophy of `not for profit, not for charity, but for service,’” said MECU President/CEO Bert J. Hash Jr. “The focus of our efforts is to help our members build their financial dreams, which in turn builds a strong community.” MECU has over $750 million in assets and serves over 77,000 members.

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