DUBUQUE, Iowa—Members of Dupaco Community Credit Union will have a little something extra to celebrate on International Credit Union Day.
Dupaco plans to pay 45,000 participating members a $2.85 million bonus as part of the credit union’s nine-month “Thank Use” campaign.
The 2016 campaign began in January and concluded on Sept. 30.
Thank Use was a way to demonstrate the power of Dupaco’s member-owned, cooperative structure, according to Dupaco Chief Marketing Officer David Klavitter.
“Dupaco is more than local. It’s a financial cooperative, owned by people in our community,” said Klavitter. “The more members use their credit union, the more members, the community, and Dupaco benefit.”
The Thank Use campaign rewarded members in relation to each member’s active participation in the credit union. Those recognized services included loans, savings, checking, credit card and e-statements. Members also earned a reward based on the member’s length of membership. An active share draft checking account was required to unlock the payout.