Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
DHCU's CashBack Offers Returns
MOLINE, Ill. (11/19/13)--Moline, Ill.-based DHCU Community CU's CashBack Checking, an account that pays members each time they use their debit CheckCard and Visa cards, has produced big returns, paying back members $58,000 in October, the first month of the program.
 
More 60% of checking account members are discouraged by pricing and fee changes on checking account, according to Raddon Financial Group, a financial research provider based out of Chicago. Of those, 25% are upset with fees associated with having a checking account, not maintaining a minimum balance in the account. DHCU is taking an out-of-the-box approach by rewarding member for using their cards.
 
Each time members use their DHCU CheckCard or Visa credit card, they earn an introductory cashback offer of ten cents for each CheckCard transaction and 20 cents for each DHCU Visa credit card transaction. CashBack rewards will accumulate throughout the program year and be paid as a deposit into the member's CashBack checking account each November.
 
The program includes both signature and PIN debit transactions. There is no minimums set on the number of transactions and no cap on how much a member can earn through the program.


RSS print
News Now LiveWire
.@TheCCUL names 6 finalists for @CUaware Protege competition. See #NewsNow Wed
14 hours ago
Starting w/FHA-insured mortgages closed on/after 1/21/2015, interest payments will stop on date prepayment is made in full. See #NewsNow Wed
15 hours ago
.@FreedomCUinPA has awarded 4 teachers $500 each for being voted 95.7 BEN-FM's Teacher(s) of the Month.
16 hours ago
Credit card debt increasing in metro areas says @Equifax http://t.co/gkHOptwMyf
17 hours ago
.@mncreditunions has introduced Minnesota Minded, a report about the growth CUs in the state since the financial crisis.
17 hours ago