Abound Credit Union delivered more than $23.8 million in direct financial benefits, through lower loan rates, lower fees and higher earnings on deposits, to over 117,000 members during 2021. That’s an average savings of $202 per member or $425 per household, according to the latest Member Benefits Report compiled by the Credit Union National Association.
Depending on how members utilize Abound’s financial products and services, their actual savings may be higher than the averages quoted above. For example, financing a $30,000 new automobile with Abound for 60 months would save an individual an average of $259 per year compared with other banking institutions in Kentucky. That’s approximately $1,295 in savings over five years.
“Abound exists for one simple reason: to improve the lives of our members,” says Ray Springsteen, President & CEO. “We’re proud of how much we’ve been able to save so many of our hard-working friends and neighbors this past year and look forward to helping even more Kentuckians build brighter financial futures.”
Community members are invited to join the Credit Union to see how much they could save. More information about becoming a member along with Abound’s products, services and free financial education resources may be found at aboundcu.com.
Author: Mike Lawson
Married to a most gorgeous and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.