Bank / Credit Union

Tyndall Federal Credit Union gives $13.7M in profits to members

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December 19, 2022

Tyndall Federal Credit Union has returned $13.7 million in profits to more than 70,000 qualifying members. It deposited the profits ranging from $70 to $420 into member's savings accounts, according to a press release.

The credit union has given more than $40 million in profits to its members in the past five years. It also began waiving more than 15 fees at the beginning of 2022 such as minimum balance fees, ATM fees, non-sufficient funds and monthly service charges.

"We're able to deliver value year after year because we don't waste our members' money," Jim Warren, president and CEO, Tyndall, said in the release. "Instead of charging excess fees, and exorbitant rates, our team is able to do this by keeping operating costs down, investing in digital channels and focusing on our members' needs."