MANSFIELD, Texas (9/14/12)--Purchases made with Texas Trust CU's Spirit Debit Reward card have resulted in nearly $110,000 paid to high schools in four North Texas School Districts.
Consumers made more than $725,000 debit card purchases with the Spirit Debit Reward card between August 2011 and July 2012. Each time a card was used, Texas Trust paid participating schools 15 cents (Business Wire Sept. 12).
The Spirit Debit Reward program exceeded its reward goal by $35,000, or nearly 50%, because participation was so robust, said the $754 million asset Mansfield, Texas-based credit union.
Participating schools received a monthly reward check for the preceding month's purchases, so the schools would have the rewards cash available throughout the year instead of waiting for a single annual payout.
The program comprises more than 4,188 Spirit Debit Reward cardholders, consisting of students, parents, teachers and faculty of participating schools.
Texas Trust has extended the program for another school year.