The credit union has developed special loyalty programs to reward members who establish and maintain a defined level of business. Some of the benefits of loyalty program membership include:
- Periodic Bonus Dividends
- Special Rates on Loans
- Free Financial Needs Analysis
- Credit Score Enhancement and Identity Theft Program
- Free Online Bill Payment Service
- Certificates for Reduced Rate Income Tax Preparation Service
The specific requirements and benefit levels for each club account are summarized in the following tables.
Platinum |
Founders |
Frontier |
Explorer |
|
Requirements |
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Balance Requirements |
1 year |
1 year |
1 year |
1 year |
Savings |
$100,000 |
$25,000 |
$10,000 |
$5,000 |
Savings & Loans OR |
$25,000 |
$15,000 |
||
Checking Account |
Not Required |
Required |
Required |
Required |
Direct Deposit |
Not Required |
Required |
Required |
Required |
Loan Payments |
Auto Transfer Required |
Auto Transfer Required |
||
Benefits |
||||
Money Market |
Platinum Money Market |
Founder Money Market |
||
Bill Payer |
Free with E-Statements |
Free with E-Statments |
Free with E-Statements |
Free with E-Statements |
Tax Preparation |
$200 Certificate |
$100 Certificate |
$50 Certificate |
$25 Certificate |
Checks, Standard |
2 Free Boxes per year |
1 Free Box per year |
||
Bonus Dividend |
Tier 1 |
Tier 2 |
Tier 3 |
Tier 4 |
Financial Needs Analysis |
Eligible |
Eligible |
Eligible |
Eligible |
Advantage Priced Loans |
Eligible |
Eligible |
Eligible |
Eligible |
Phone Inquiries |
unlimited |
unlimited |
||
Credit Score/Identity Theft |
Enrolled |
Enrolled |
Enrolled |
Enrolled |
Disaster Recovery Program |
Eligible |
Eligible |
Eligible |
Eligible |
Benefits Summary
Bonus Dividend Information: Once appropriate capital ratios are achieved, the credit union's top priority is to distribute bonus dividends back to the membership. The Platinum members are given first priority. It is imperative to emphasize that we want to return as much as possible to our members, while maintaining the long-term stability of the credit union. Bonus dividends are not guaranteed.
Financial Needs Analysis - General Overview: This plan provides personalized information to help you build a secure financial future and manage your current financial needs.
We present you with an accompanying analysis that:
- Assesses your current financial situation in relation to your financial goals.
- Offers guidance and action steps to help you meet those goals.
Because your personal and financial situation may change over time, it is important for you to review your plan periodically to make sure you are revising your goals and assumptions in a way that accommodates your changing circumstances.
Advantage Priced Loans: Provides a 25 basis point discount on our standard loan rates. This benefit does not apply to Mortgage, Home Equity or Visa Products.
Membership Requirements: In general, to be eligible for the program, funds must be maintained in an account for a period of one year. Accounts will be reviewed on a monthly basis. If balances fall below the required level, you will have 3 months to re-establish eligibility. At our discretion, we may apply stricter standards to withdrawals from savings accounts.
Member In Good Standing: The credit union reserves the right to determine the status of a member in good standing. The credit union further reserves the right to remove a member from a loyalty account for the abuse of credit union services; such as repeated overdrafts, delinquent accounts, etc. At its sole discretion, the credit union also reserves the right to determine what constitutes "abuse of credit union services."
Savings Defined: The credit union defines savings as any assortment of products, such as a share draft (checking) account, certificate of deposit, Money Market accounts and IRA (Individual Retirement Accounts).
Bill Payment Services: The credit union reserves the right to discontinue the member's Bill Payment subsidy if usage is not at an appropriate level as defined by the credit union. At this time the credit union defines the appropriate level to be four (4) transactions per month.
Identity Theft Program: The credit union has developed an Identity Theft Program where at least on an annual basis we will attain a credit report for you to update your loan file to identify how you are handling your credit. All of our interest rates are based upon the member's credit score. The intent of this program is to educate you on how to pay us less.
Disaster Recovery Program: Provides electronic storage of important documents that you may then retrieve 24/7 through Net Branch.
While it is our intent to provide these benefits to the fullest extent possible, all offers are subject to the availability of resources. Therefore, they cannot be guaranteed. The credit union also reserves the right to change or discontinue these programs at any time.
