Switching to a Credit Union Could Pay Off

It’s a question every smart consumer should be asking - when you put your money in the bank, what does your bank do for you?

WATCH BILL SPENCER'S REPORT IN THE VIDEO PLAYER ON THE RIGHT

That’s the question 71-year-old Karl Vogelheim started asking 30 years ago. Karl is a retired auto worker who spent time at both Ford and American Motors and to win his business, you have to offer something special.

That’s why Karl moved his money from a traditional bank to the DFCU Credit Union. He switched because DFCU and many other credit unions offer their members a yearly dividend, money back just for being a member and today Karl and his wife Judy are getting a big one.

At DFCU Credit Union in Dearborn, over 170,000 members are receiving their yearly dividend for 2008.

Each member gets one half percent of all the money that they save and borrow thru DFCU for the entire year.

This year the total dividend being paid tops $17 million. Karl got a $1,200 dividend.

For more information visit the Michigan Credit Union League website http://www.mcul.org/