DUBUQUE, Iowa—Dupaco Community Credit Union said it has returned $3.17 million to 49,000 members who participate in its “Thank Use” initiative. The payout was announced to coincide with International Credit Union Day.
The 2017 initiative, which began in January and concluded Sept. 30, was a way to demonstrate the power of Dupaco’s member-owned, cooperative structure, according to Dupaco Chief Marketing Officer David Klavitter.
“The more members use their credit union, the more members benefit, in turn bettering the communities in which they reside,” said Klavitter.
Dupaco said that members with an active checking account were rewarded in relation to their participation in their credit union. By using their financial cooperative’s services—loans, savings, e-statements and credit and debit cards—eligible members boosted their financial well-being and earned Thank Use cash. Members also worked together and reached a group card swipe goal by using their Dupaco debit and credit cards 12.5 million times, unlocking up to $40 more for individual eligible members.