FAIRFAX, Va. – Apple Federal Credit Union here has now officially given back more than $2 million to its members who purchase or sell homes through its HomeAdvantage Cash Rewards program incentive program.
Apple FCU is a member of the Million Dollar Club as recognized by Scottsdale, Ariz.-based HomeAdvantage.
Members earn the cash-back bonus from buying or selling a home using a real estate agent in the HomeAdvantage network. The value is equal to 20 percent of the agent’s earned commission. Apple FCU members save an average of $1,950 per transaction.
Apple FCU was first inducted into the Million Dollar Club in late 2016 and is currently one of nine credit unions to have surpassed the $1 million level.
Since implementing HomeAdvantage in 2004, Apple FCU has actively used the program to better serve its more than 209,000 members and help hundreds of families achieve their homeownership dreams.
“Giving back to our members and the community is something that Apple prides itself on,” says Rob Drake, mortgage originations manager at Apple Federal Credit Union. “Being able to say that Apple has given back more than $2 million in Cash Rewards to our members via the HomeAdvantage program is extremely satisfying and fits hand in hand with our tagline, ‘Improving Lives. Fulfilling Dreams.’”
HomeAdvantage from CU Realty Services — the largest real estate Credit Union Service Organization (CUSO) in the U.S.—is a turnkey real estate marketing platform that delivers a lead generation, nurturing and marketing automation system to empower credit unions to engage with home-buying members from the earliest stages of their home-buying journey. Members benefit from HomeAdvantage’s home search portal and affordability calculators, connections to experienced agents to guide the home buying journey, and Cash Rewards at closing.
Since launching, HomeAdvantage has cumulatively given more than $42 million in Cash Rewards back to members who have used HomeAdvantage agents to buy or sell a home.
“One of the primary missions of CU Realty Services is saving homebuyers and sellers money, and Cash Rewards help ease the financial burden during the closing process,” said Tina Powers, COO of CU Realty Services. “Apple FCU truly works hard to make the most of the Cash Rewards program for its members and reaching the $2 million milestone in our Million Dollar Club is an incredible achievement.”