July, 2010, Baltimore, MD — On June 29 and 30, 2010, MECU members received loan interest rebates and extraordinary dividends totaling $2,125,000 that were deposited into their accounts. These payments are the first half of an anticipated annual cash bonus totaling over $4.2 million.

“MECU has paid its members a cash bonus every year since 1981,” said Herman Williams Jr., Chairman of the Board. “We are especially glad that we can continue this during a time of economic hardship. Many of our members work for Baltimore City and have had furlough days and other cutbacks. We’re glad that we can make finances a little easier for these members.”

“The safety and security of our members’ money is at the forefront of what we do on a daily basis,” said MECU President and CEO, Bert J. Hash Jr. “Because of this approach to financial management, MECU has grown steadily to where we reached over $1 billion in assets last year.”

MECU is a member-owned not-for-profit financial cooperative committed to providing its members with high quality financial services through sound management and innovation for over 70 years. It represents over 95,000 members, with assets over $1 billion.

# # #