PHOENIX–Desert Financial Credit Union said it is paying out a $14 million Member Giveback Bonus. The credit union returned $12 million to members last year, and over the last four years has returned $39 million to members through the program.
“Desert Financial’s Member Giveback Bonus is a cashback reward for members who do the most with us. It’s just one of the ways that we are Sharing Success with our community, with our team and with you — our valued members,” the credit union said, adding, “We know 2020 was a difficult year for many, but because of our collective resilience and strength in the face of unexpected challenges, we are able to give back EVEN MORE to our members this year.
All eligible members will receive a bonus in their Membership Savings account by Feb. 1.
To be eligible for the Member Giveback Bonus, members must be at the Rewards or Rewards+ level of its Relationship Rewards program for a minimum of six months in 2020. Bonus amounts are based on the number of relationships a member has with Desert Financial.
In order to increase the reward, the $6.2-billion Desert Financial said members could:
- Use your Desert Financial debit card more frequently
- Apply for loans from Desert Financial
- Refinance your existing loans at other financial institutions with Desert Financial
- Bring all of your bank accounts over to Desert Financial