The $300 million GFA Federal Credit Union of Gardner, Mass., is keeping its word to members of a merged credit union about a rebate following paid off loans.
GFA merged with Asnacomet FCU of Hubbarston, Mass., in 2005 and promised that its members would receive a dividend rebate once potential loan losses were recovered.
"We're happy to give this money back," said Tina M. Sbrega, GFA president/CEO commenting on a $4,000 dividend distributed to an estimated 150 members of the $300,000 Asnacomet.
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