VIP+ Program

VIP+ Program

It Pays to Be a Member of Ideal Credit Union

Ideal Credit Union’s exclusive VIP+ program is designed to reward members for their patronage with a discretionary payout based on their deposit and loan accounts throughout the calendar year. 

To have earned a payout, members must have qualified for VIP+ by completing the following:

  • Members must have an open and active checking account as of December 31 as well as an open share savings account with a minimum of $1 as of December 31
  • Members must have conducted 144 purchase transactions in the checking account and or a combination of credit card and checking account purchase transactions
  • Members must not have any unpaid charged-off loans or deposit accounts, and no delinquent loans as of December 31 of the qualifying year

Businesses and Business Accounts were not eligible for VIP+ Payout.

Please note, this will be the final payment for the VIP+ program.  Ideal Credit Union will be launching a new program in 2023 – the Ideal Advantage.

 

VIP+ Deposit Dividend

To earn a Deposit Dividend Payout, a member must:

  • Qualify as a VIP+
  • Must have a minimum of one of the following Ideal CU Deposit accounts (in addition to an open and active checking account) with an outstanding balance as of December 31, 2022: Consumer Money Market, RoundUp Savings, IRA Money Market and/or HSA Account**

If all requirements are met, see chart for payouts:


VIP+ Deposit Dividend 2022
Combined Average Deposit Balances Deposit Dividend
$5,000 - $24,999.99 $50
$25,000 - $99,999.99 $100
$100,000 - $199,999.99 $150
$200,000 + $250

 

**Please note: CDs are NOT a qualifying Deposit account. If a member has a qualifying account, CD balances will be taken into account when paying out the Deposit Dividend.

VIP+ Loan Rebate Dividend

To earn a Loan Rebate Dividend Payout, a member must:

  • Qualify as a VIP+
  • Have a combination of at least two of the following Ideal CU Consumer loans with an outstanding balance as of December 31, 2022: Auto, RV, Mortgage, Home Equity, Signature or Visa® Consumer Credit Card***                               

If all requirements are met, see chart for payouts:


VIP+ Loan Rebate Dividend 2022
Loan Interest Paid Loan Rebate Dividend
$500 - $2,499.99 $50
$2,500 - $4,999.99 $150
$5,000 - $9,999.99 $250
$10,000 + $450

 

***To qualify, a minimum of 24 transactions must be made during the year (prorated for new cards – minimum of  2 transactions per month).

Live the Ideal Life

*The credit union reserves the right to modify and cancel the VIP+ program at any time and no member has a reasonable expectation that a VIP+ dividend will be paid in any year, or that terms will remain the same from year to year. Program excludes business checking, business loans, charged off loan members and delinquent loan members as of December 31 of the qualifying year.

The final VIP+ Deposit Dividend and/or Loan Rebate cash back totals are based on transaction and account data throughout 2022. Qualified VIP+ members must have an SV01-Regular Share Savings with a balance of $1.00 or greater. Program excludes business checking, business loans, charged-off loan members, and delinquent loan members as of December 31, 2022.