Metrum Credit Union launches monthly reward program

Steve Kelly

Metrum Community Credit Union in Centennial is rolling out a program that disburses dividend payments to members all year long.

This year, Metrum plans to give back to owners every month through the Metrum Ownership Reward program. Active owners will receive monthly rebates on the interest they pay on loans and bonus interest on their savings and investments.

Credit unions are financial cooperatives, and so profits are distributed back to owners with lower-cost services, better rates, and at times special end-of-the-year dividend payouts, the company says.

“Several years ago, Metrum Community Credit Union set out to be a better cooperative,” Metrum CEO Steve Kelly said. “This began at the business level as we started working with more vendors that were also cooperatives. Working with other like businesses allows us to give profits back to our owners.”

Last year, 1,995 owners, or 37 percent of Metrum owners, received the year-end ownership reward. In 2018, the initiative aims to issue monthly payouts and provide more rebates on fees. The program gave back $30,000 to owners in 2017, representing a 7.55 pe