On Tap Credit Union® Gave $400K Back to Members by Reducing Membership Share From $25 to $5
GOLDEN, Colo.–(BUSINESS WIRE)–On Tap Credit Union®, a leader in providing consumers in local Colorado communities with innovative financial solutions for more than 60 years is finding new ways to put money back in members’ pockets. As of March, the decision was made by the Board of Directors to reduce the membership share from $25 to $5 putting $20 more in their share account. Opening a share account is necessary to establishing your membership in the credit union and enables you to use other products like loans and checking accounts. In addition, being a member allows you to be an owner which means you get to vote on certain decisions including electing the board.
“As we continue to navigate challenging times, we wanted to find a way to give money back to our members,” said On Tap Credit Union President and CEO Tracie Wilcox. “Our members are at the heart of every decision that we make, and we value them knowing that these decisions impact their lives.”
In 2020, On Tap strived to help the community by giving over $50,000 back to breweries and local businesses. In addition, our teams offered financial support to members by providing over $25 million in loan deferments, short- and long-term emergency loans, and low-rates on refinancing existing loans. As we continue to look towards the future, we will continue to find new solutions where we put our current and future members first because brewing a better you is at the heart of what we do.
Anyone interested in learning more about On Tap Credit Union can request a call back here or visit www.ontapcu.org. We look forward to an opportunity to craft a financial solution for you!
About On Tap Credit Union
Formerly Coors Credit Union, On Tap Credit Union is a full-service cooperative financial institution serving people living and working in Jefferson, Denver, Boulder, and Larimer counties. Founded in 1954, the credit union has $354 million in assets and 20,000 members who are also owners of the organization. The credit union provides personal consultation and financial products including vehicle, mortgage, and home equity loans, credit cards, insurance, savings and investment accounts, and financial guidance, as well as a full suite of business services including a variety of commercial lending products. For more information, please visit www.OnTapCU.org.
Contacts
Janelle Herrera
303.215.4690
[email protected]
or
Alana Kelly
303.215.4675
[email protected]
