Educators CU, Mt. Pleasant Wis., deposited more than $4.27 million into over 132,000 accounts through its Member Loyalty. reward program. Over the last three years, Educators Credit Union has deposited more than $10 million into members’ accounts with their reward program. The 2020 payout is the biggest ever.
Members could build a reward in the program by having an active account each month. Once the member unlocked their account, they build their year-end reward. In all, members could earn a total of $165 with the Member Loyalty program.
Educators Credit Union also helped minors add some money to their savings with this year’s payout. If a minor had at least $100 in their savings account, Educators deposited $25 into their account.
In total, 9,850 members received this deposit for a total of more than $246,000. Minors who were eligible for a bigger reward through the Member Loyalty deposit got the bigger payout.