Early in 2023, we committed to providing our members with real, impactful savings through the year, despite the volatile rate environment. Those with existing mortgage (ARM) loans with us were told there would be no rate increase, no matter where rates went—a decision that could potentially save our members $1 million in interest. We also increased our regular share savings rate to 1%, and we offered a limited-time CD special. Together, these commitments could earn our members $4 million more compared to last year. Finally, we guaranteed to not increase any fees. While the environment would have made it easy to increase net income, we instead gave our members peace of mind and put more money in their pockets.