Nusenda Credit Union recently announced that more than $7.7 million has been distributed to members who qualify for Earn Your Return bonus dividends and community rewards.
Qualifying business members also received more than $192,000 in business debit card rewards.
The returns were automatically deposited in members’ accounts in January.
“We are proud to be giving back more than $7.8 million to our members this year,” Nusenda President and CEO Joe Christian said. “These rewards are a great example of the value we
provide our more than 250,000 member-owners year after year as we focus on their financial well-being.”
In Rio Rancho, a total of $607,414.36 was distributed to the members.
Nusenda returned $349,768.93 to 8,109 Earn Your Return members; 7,556 community rewards members received $240,269.17; and $17,376.26 of business dividends was distributed to 364 members.
Earn Your Return is a program based on the credit union’s economic performance as well as member’s use of credit union savings, deposits and loans. Members can take advantage of
higher savings rates and lower loan rates and receive cash back each year.
In 2022, Nusenda Foundation provided $630,000 in community rewards grants to 104 organizations supporting the arts, community services, education, environment and wildlife, and health care. Employees volunteered more than 1,400 hours in 2022, donating thousands of coats for kids in New Mexico, and collecting hundreds of toy donations for UNM Children’s Hospital Toy Drive.
Since 2009, more than $65.4 million has been returned via dividends to Nusenda’s membership.