2017 marks the fourth year of making an annual payout.  The Board of Directors determines this annually, based on how well the credit union performs financially and our future need for capital.

All personal and business members are eligible to share in the Workers' GiveBack Program.  You must be a member as of December 31, 2016.  The amount of the payout will be based on your 2016 year-to-date average balance in all eligible accounts.

The primary account holder will receive the total payout earned by the other accounts in which that name appears as the primary account holder. That amount will be deposited into the member’s membership or other deposit account.

Provided that you have a membership account on December 31, 2016, other accounts that were closed during the year will be included. The amount will be less than if that account was opened for the entire year because it is based on the average balance for the year.

The payout will be deposited into an eligible deposit account on which the member is the secondary signer.

The GiveBack will be posted as "Interest GiveBack" into the account listed on your GiveBack letter.

The payout will be deposited directly into the primary account holder’s membership savings account in February 2017. If the primary account holder (the first signer on the account when it was opened) does not have this account type, the deposit will go into another deposit account. If there is more than one membership savings account for the primary account holder, the deposit will be made into the account that was opened first. All GiveBacks must be paid into a deposit account.

The credit union is truly appreciative of the trust and confidence members place in us by their relationships with our Retirement Planning & Investment Center. The funds managed by the Center are non-deposit investment products; therefore are not held as member’s deposits within the credit union and are not available for making loans to other members. The majority of credit union’s profits come from its primary activities, which includes deposits, loans and traditional banking transactions.

Provided that you have a membership account on December 31, 2016, other accounts that were closed during the year will be included. The amount will be less than if that account was opened for the entire year because it is based on the average balance for the year.

Not at all. Workers’ provides members with additional benefits when they have a checking account with direct deposit, such as paying the highest rates on CDs in the market and providing low rates on consumer loans.

• Accounts managed through Retirement Planning and Investment Center
• HEAT Loans
• Credit Cards
• Student Loans
• Non Profit Accounts
• IOLTAs
• USDA, VA, & FHA sold Mortgages

We take your 2016 average balance for all eligible loan and deposit accounts and multiply a percentage to that balance. The following accounts are eligible for the payout:

*Definition of a Basis Point - A unit that is equal to 1/100th of 1%. For calculating your payout, 30 basis point is equivalent to .003; 20 basis point is equivalent to .002; 10 basis point is equivalent to .001.