MT. PLEASANT, Wis.–Educators Credit Union said it will pay $3.1 million to its members as part of its Loyalty Pay Back Reward program.
“The Loyalty Pay Back Reward is Educators Credit Union’s way of thanking member-owners for their commitment to the credit union,” ECU said. “This is the first time Educators has ever given more than $3 million to members. Last year, members received $2.4 million from the Loyalty Pay Back and they received $2.1 million in 2016.”
The Loyalty Pay Back Reward is divided up into three tiers based on how many products and services they use from a list the credit union provided, according to the $1.99-billion ECU. Members who had three or four services EW in tier one, tier two is members with five or six services, and the final tier was for members with seven or more services.
“The investment our member-owners make in the credit union is what gives us the ability to make a difference,” said CEO and President Linda Hoover. “The Loyalty Pay Back Reward is a very important opportunity for us to show how gracious we are for our members who have made a strong commitment to the credit union.”
Educators Credit Union said members can still add additional products or services. The deadline to add or use the qualified services is Nov. 30.
Educators CU has more than 181,000 members.