Tyndall Shares $16 Million in Profits with Members

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Tyndall Shares $16 Million in Profits with Members

2024-12-12 00:10 Last Updated At：00:20

PANAMA CITY, Fla.--(BUSINESS WIRE)--Dec 11, 2024--

Tyndall Federal Credit Union deposited over $16 million in profits into more than 86,000 of its members’ accounts on Wednesday.

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Tyndall has shared more than $78 million in profits with its member owners over recent years. Members earned these deposits based on six criteria: Online Banking, Bill Pay, Direct Deposit, Card Usage, e-Statements, and loan products.

“Credit unions were created to help everyday people save money, access credit, and improve their lives,” said Frances Martin, Chair of Tyndall’s Board of Directors. “As a board, we take our fiduciary responsibility seriously. Our priority is always, ‘How can we make it easier for our members to save more, access what they need, and achieve their goals?’ We are honored to share this giveback with them to show our appreciation for their trust and support.”

Jazmira Guzman, a Tyndall member since 2020, says she was inspired by the Credit Union’s Giveback and decided to pay it forward in her own way.

“I used a lot of that money towards Christmas presents for my parents and for my brother. So it was like my own little Christmas present because I was able to give back as well.”

This year, members had the opportunity to receive up to $700, resulting in more than 268,000 Giveback deposits.

“At Tyndall, we are dedicated to serving our members and treating them like the owners they are. Our operating model emphasizes prudent expense management, embraces our cooperative ownership structure, and responsibly leverages our tax-exempt status in alignment with its original intent,” said John Parillo, President and CEO of Tyndall. “Our focus is to create long-term, tangible value for our members by reinvesting in our business, allowing all to benefit from the compounding effect of those investments, which includes improved technology, competitive rates, and lower fees. At the same time, we are proud to return capital and earnings to our members through initiatives like this special dividend, demonstrating our unwavering commitment to their financial well-being.”

Learn more about the Tyndall Giveback at Tyndall.org/Grateful.

About Tyndall Federal Credit Union

Tyndall Federal Credit Union was founded in 1956 to help its members reach their financial goals. Its first office was on Tyndall Air Force Base in Panama City, Florida, but today Tyndall serves more than 114,000 members from all walks of life.

Venezuela's government accuses US of attacking civilian, military installations in multiple states

CARACAS, Venezuela (AP) — Venezuela’s government accused the United States of attacking civilian and military installations in multiple states after at least seven explosions and low-flying aircraft were heard around 2 a.m. local time Saturday in the capital, Caracas.

The Pentagon and White House did not immediately respond to requests for comment.

Smoke could be seen rising from the hangar of a military base in Caracas. Another military installation in the capital was without power.

People in various neighborhoods rushed to the streets. Some could be seen in the distance from various areas of Caracas.

“The whole ground shook. This is horrible. We heard explosions and planes,” said Carmen Hidalgo, a 21-year-old office worker, her voice trembling. She was walking briskly with two relatives, returning from a birthday party. “We felt like the air was hitting us.”

Venezuela’s government, in the statement, called on its supporters to take to the streets.

“People to the streets!” the statement said. “The Bolivarian Government calls on all social and political forces in the country to activate mobilization plans and repudiate this imperialist attack.”

The statement added that President Nicolás Maduro had “ordered all national defense plans to be implemented” and declared “a state of external disturbance.”

This comes as the U.S. military has been targeting, in recent days, alleged drug-smuggling boats. On Friday, Venezuela said it was open to negotiating an agreement with the U.S. to combat drug trafficking.

Maduro also said in a pretaped interview aired Thursday that the U.S. wants to force a government change in Venezuela and gain access to its vast oil reserves through the monthslong pressure campaign that began with a massive military deployment to the Caribbean Sea in August.

Maduro has been charged with narco-terrorism in the U.S. The CIA was behind a drone strike last week at a docking area believed to have been used by Venezuelan drug cartels in what was the first known direct operation on Venezuelan soil since the U.S. began strikes on boats in September.

U.S. President Donald Trump for months had threatened that he could soon order strikes on targets on Venezuelan land. The U.S. has also seized sanctioned oil tankers off the coast of Venezuela, and Trump ordered a blockade of others in a move that seemed designed to put a tighter chokehold on the South American country’s economy.

The U.S. military has been attacking boats in the Caribbean Sea and the eastern Pacific Ocean since early September. As of Friday, the number of known boat strikes is 35 and the number of people killed is at least 115, according to numbers announced by the Trump administration.

They followed a major buildup of American forces in the waters off South America, including the arrival in November of the nation’s most advanced aircraft carrier, which added thousands more troops to what was already the largest military presence in the region in generations.

Trump has justified the boat strikes as a necessary escalation to stem the flow of drugs into the U.S. and asserted that the U.S. is engaged in an “armed conflict” with drug cartels.

Meanwhile, Iranian state television reported on the explosions in Caracas on Saturday, showing images of the Venezuelan capital. Iran has been close to Venezuela for years, in part due to their shared enmity of the U.S.