Empower Federal Credit Union, a $1.6 billion institution based in Syracuse N.Y., announced that it paid $3.5 million in bonus dividends and interest rebates to its members for 2017.

The amount each member received represented a percentage on savings account dividends earned and a rebate on loan interest paid throughout the year.

The payments were posted on December 31 to active members.

Empower FCU headquarters
Empower FCU headquarters, Syracuse, NY

Empower said it has now given back $27.5 million to its members.

“We are pleased to be able to reward our member-owners with another giveback for the 10th year in a row,” James Reynolds, senior vice president of operations, said in a statement. “This strong financial year was thanks to the many members who join and take advantage of the products and services we offer. As a result, we are able to share this success and make a difference in their financial lives.”

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