SIOUX FALLS, S.D. – With its loyal members in mind, local financial institution Sioux Falls Federal Credit Union (SFFCU) announced last week they gave their members $1 million in a bonus patronage dividend for the second year in a row. The “It Pays to Sioux Falls Fed” program includes bonus dividends for those SFFCU members who borrowed or saved in calendar year 2018. All members who stand to benefit from “$1 Million It Pays to Sioux Falls Fed” received their bonus dividend on December 31, 2018.

SFFCU President/CEO Fran Sommerfeld said he sees this as a unique opportunity for a financial institution to show its members some appreciation for their dedication and loyalty. And he pointed out that it’s not something you see very frequently. “It’s our way of saying ‘thank you’ to our member-owners,” Sommerfeld said. “It’s your money, it’s your credit union—you deserve it. This doesn’t happen in the financial services industry very often—let alone two years in a row—but our members are that important to us.”

Sommerfeld hopes this is a clear sign to Sioux Falls residents citywide that SFFCU is a financial services provider that truly cares about the people that keep it going. “We love our members,” he said. “And what better way to say that than by showing our thankfulness in our members’ accounts? They are more than worth it.”

The announcement even made the local television news! Station KSFY ran an interview segment with Sommerfeld, which you can see here.

In addition, Sommerfeld was interviewed by KELO Land on their “Living” show, and you can see that segment here.

Congratulations to Fran and his entire team on this wonderful news!

Sioux Falls Federal Credit Union is a locally member-owned financial institution located in Sioux Falls, S.D., focused on serving the community by providing relevant financial services, building trusted relationships and providing a rewarding atmosphere for its employees. It operates six branch locations in the city of Sioux Falls.