As Clarion Federal Credit Union prepares to open its doors in Cranberry, they have been named the #1 Ranked Credit Union in the state of Pennsylvania for Return of the Member (ROM) for the third year in a row, as measured by Callahan & Associates, in a peer group of PA credit unions with assets between $100M – $250M.
“We are excited to bring a unique banking experience to Venango County. To be named the top ranked credit union for one quarter is an achievement, to hold that status for three consecutive years is extraordinary and we hope to show the folks in Venango County just what that means,” said Mark Lauer, CEO.
The ROM is very well represented by the Special Bonus Dividend program the Credit Union has implemented over the last four years. The plan is designed to give members a bonus dividend based on the relationship they have with the Credit Union. Members are rewarded for their loan and deposit relationships, along with rewards for debit card usage, direct deposits, the use of online banking, and other items.
“The Credit union has given an excess of $1.1 million dollars back to members over the last four years, which has helped put us in the number one spot for ROM in the state of Pennsylvania.,” Mark said. “We are one of the few credit unions with a Special Dividend program nationwide. Our hope for Cranberry is to get local people through our doors who are willing to give us an opportunity to prove that we are the best banking option around.”
A bank is owned by its shareholders while credit unions are member (customer) owned. The Credit Union’s goal is to enrich the lives of members. Clarion FCU gives some of the best rates on loans and deposits and then gives even more through the Special Bonus Dividend program. Why wouldn’t you be a member of Clarion FCU? Join Clarion FCU and experience the difference.
This article was published in the Venango Chamber’s September 2020 VenangoWorks! Newsletter.