AMOCO Federal Credit Union pays out approximately $1 million to its membership

The Board of Directors at AMOCO Federal Credit Union recently paid out $1 million in bonus dividends and loan interest refunds to its membership.

The payout comes after the Board of Directors determined that the credit union's level of both reserves and capital are in excess of what is necessary to protect member accounts.

In addition to the payout, AMOCO issued a 4.00% bonus on the dividends earned on deposits and/or interest paid on loans and credit cards for accounts in good standing.

This is the 16th consecutive year that the Board of Directors voted for a payout.

For more information, contact Adrienne Putnal, marketing specialist for AMOCO Federal Credit Union, at 281-534-5513 or aputnal@amocofcu.org.