Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
Credit card issuers could see a reduced burden for 1 year under a @CFPB proposal issued this week. News Now: http://t.co/CYVXLUmVBq
6 hours ago
RT @CUEscan: Branches Will Be the Cornerstone of Growth http://t.co/fVqPPaGeVL http://t.co/xxMyKGQMrl
7 hours ago
RT @asmarterchoice: According to @Bankrate study, customers more likely to find FREE checking at #Creditunion than a bank! http://t.co/ntCb…
7 hours ago
Ditch monthly subscriptions to save $$, @YoungFreeMI Fielder tells @freep http://t.co/TFnsps4Dui #ASW2015
7 hours ago
.@federalreserve extends comment period for capital surcharges on systemically important U.S. bank holding cos. http://t.co/MOJJBn9DfA
9 hours ago