Nusenda Credit Union announced Thursday the distribution of more than $8.4 million in Earn Your Return bonus dividends and Community Rewards to qualifying members.
Qualifying business members also received more than $213,000 in Business Debit Card rewards. Member returns were automatically deposited in primary savings and checking accounts this month.
Since 2009, more than $74 million has been returned via dividends to Nusenda’s membership.
“We are proud to give back more than $8.6 million to our members this year,” said Nusenda President and CEO Joe Christian. “These rewards are just one of the many ways we support our more than 260,000 member-owners year after year as we focus on their financial well-being.”
Earn Your Return is a bonus dividend 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 addition to giving back to members, Nusenda and Nusenda Foundation support hundreds of organizations each year that are making a difference in New Mexico. The Community Rewards program, made possible by the participation of Nusenda members, helps advance vital community work and initiatives through the distribution of grants. When members opt into the Community Rewards program, they can earn cash back and support the communities and initiatives they care about.
In 2023, Nusenda Foundation provided $634,100 in Community Rewards grants to 108 organizations supporting the arts, community services, education, environment and wildlife, and health care. Nusenda employees also displayed generosity throughout 2023 by volunteering more than 1,770 hours, donating thousands of coats for kids in New Mexico and collecting over a thousand toys for UNM Children’s Hospital Toy Drive.