Page 3 - 27.Millennial Financial Issues Part 2.
P. 3
Returns are also gained through the Patronage Refund. This is a Cash
Rebate or refund of interest paid towards your loan annually which is
based on the interest paid on the loan the previous year.
3. Pay Less Interest - Interest on loans taken with Eastern Credit Union
are paid on the reducing balance. Therefore, as your loan balance
decreases, you pay less interest per month.
4. Pay No Maintenance Fees - There are no monthly maintenance fees
on your deposit account or any other savings account with Eastern
Credit Union. Your saving accounts with us actually gain interest
quarterly per year.
To be continued …
3
