SOUTHFIELD, Mich. — CenCorp is waiving processing fees for the month of November to reward members that contribute the most to its operating results.
CenCorp expects to waive fees equivalent to $550,000 for November.
"As a cooperative, CenCorp looks to pay back the members that make its favorable operating results possible. This can be done in various ways, such as improved pricing on investment/loan products, higher MCSD (Member Capital Share Deposit) account rates, or reduced fees," said CenCorp CEO Bill Walby.
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The $3 billion CenCorp serves 400 credit unions.
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