Signet Federal Credit Union Returns Nearly $1.8 Million to Members in Historic Giveback
PADUCAH, Ky. — Signet Federal Credit Union announced it returned $1,793,518.54 to its members through loan rebates and savings dividends, marking the largest giveback in the credit union’s 87-year history.
The distribution reflects Signet’s cooperative, member-owned structure, where financial success is shared directly with the people who use and support the credit union. Members who held loans with Signet in 2025 received 10% of the interest they paid returned to them, while all savings account holders received a 1.25% bonus dividend in addition to regular quarterly dividends.
“People Helping People isn’t just a phrase at Signet — it’s how we operate every day,” said Jimmilyn Hancock, CEO and President. “This historic giveback shows what happens when members and a credit union grow together. Our members trusted us with their finances, and in return, they shared directly in the success they helped create.”
Unlike traditional financial institutions that distribute profits to shareholders, Signet operates as a not-for-profit cooperative. Every member is also an owner, meaning earnings are reinvested back into the membership through better rates, lower fees, and direct financial returns such as rebates and dividends.
“This milestone reinforces what makes a credit union different,” Hancock added. “It’s not about transactions — it’s about belonging, shared success, and taking care of the people who make Signet what it is.”
The record-setting distribution underscores Signet’s long-standing commitment to financial stewardship, community trust, and its mission of serving members across western Kentucky.
For more information about membership or to learn how credit unions work, visit signetfcu.com or stop by any Signet Federal Credit Union location.
About Signet Federal Credit Union
Founded in 1939, Signet Federal Credit Union is a member-owned, not-for-profit financial cooperative serving communities across western Kentucky. Guided by the philosophy of People Helping People, Signet provides accessible financial solutions, education, and community-focused service designed to help members thrive at every stage of life.