MT. PLEASANT, Wis.– Educators Credit Union has paid out more than $4.27 million to 132,000 accounts as part of its Member Loyalty rewards program.
Members were able to build rewards 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, ECU said.
Educators Credit Union said it also helped minors add money to their savings with Member Loyalty. If a minor had at least $100 in their savings, Educators deposited $25 into their account. In total, 9,850 members received the deposit for a total of more than $246,000. Minors who were eligible for a bigger reward through the Member Loyalty deposit got the higher payout.
Over the last three years, Educators Credit Union reported it has deposited more than $10 million into members’ accounts with their reward program. The 2020 payout is the biggest ever.