Wellby Returns Nearly $7 Million to Members in Celebration of 60 Years of Service to Greater Houston

Wellby Returns Nearly $7 Million to Members in Celebration of 60 Years of Service to Greater Houston

Today, Wellby, Powered by JSC FCU, one of Houston’s largest and most historically significant credit unions, announced a special member dividend of nearly $7 million, honoring their 60 years of service to Greater Houston.

“As we celebrate our 60th anniversary, we want to honor our partnership with our members and celebrate their unique financial journeys with this special member dividend,” shared Marty Pell, President and CEO of Wellby. “We have had the privilege of serving dreamers across Greater Houston for six decades, and we look forward to helping our members achieve all of their dreams, large and small, for many years to come.”

As a not-for-profit financial cooperative, Wellby returns profits to its members through diverse member benefits that help make realizing financial goals a reality. These benefits include competitive interest rates on loans and credit cards, typically higher dividend returns on savings accounts and deposits, no-to-lower-cost fees.

Eligible Wellby members will receive a unique special member dividend amount, calculated by a simple formula that considers their total balance or “shares” with Wellby and their tenure of membership.

Returning profits to members in this way also celebrates and honors the cooperative principles of credit unions: members contribute equitably to, and democratically control, the capital of their cooperative, and part of that capital remains the common property of the cooperative. Thereby, credit unions are able to return profits to members through diverse member benefits, like special member dividends.

Wellby has been rooted in Greater Houston for six decades. Originally created to support the brave men and women of Johnson Space Center who put the first man on the moon, they have a legacy of supporting their members’ dreams. They know that with the power to dream, anything is possible. Wellby will continue the celebration of their 60-year legacy of supporting Houston dreamers at their local solution centers in the coming months.

To learn more about Wellby, Powered by JSC FCU, and the nearly $7 million special member dividend, please visit wellbyfinancial.com. ​

 

About Wellby, Powered by JSC FCU

Wellby, Powered by JSC FCU, is a member-owned, not-for-profit financial cooperative proudly serving the Greater Houston Metro. Wellby, Powered by JSC FCU, was originally established in 1961 to serve the employees and families of Johnson Space Center. We have grown into one of the largest credit unions in Houston, serving more than 130,000 members with 20 solution center locations and more than $2 billion in assets. As a people-first organization, Wellby, Powered by JSC FCU, is open to all members of the Houston community who live, work, worship, or attend school in the Greater Houston Metro. For more information, visit wellbyfinancial.com. Federally insured by NCUA. Equal Housing Lender. Equal Opportunity Employer.

Wellby, Powered by JSC FCU
1330 Gemini
Houston, Texas 77058