Tyndall Federal Credit Union, based in the Florida Panhandle and Southeast Alabama, has returned $11 million in profits to 50,000 qualified members. In addition, the union has eliminated all maintenance fees, including for membership, minimum balance, money market, non-sufficient funds and ATMs, according to a press release.
The union awarded amounts ranging from $50 to $400 based on which online services and loans the members used.
“People across the Panhandle have dealt with a lot these past years. A category 5 hurricane. A global pandemic. Economic uncertainty. But despite all these challenges, our members have been resilient and our credit union has stayed strong. This is Tyndall’s way of saying thank you for your membership,” Jim Warren, president and CEO, Tyndall, said in the release.
