VIP Program Disclosure

The following requirements apply to accounts (i.e. Checking, Loan and/or Deposit ) under a single membership number to be eligible for PCU’s Special VIP Dividends

VIP Patronage Dividend Requirements:

  1. Be a member in good standing as of December 31 with at least $1.00 in your primary Share Savings
  2. Own an active consumer checking account from which you performed 144 or more withdrawals between January 1, 2013 and December 31, 2013
  3. Have no loan charge-offs or loan delinquent by 60 days or more between January 1, 2013 and December 31, 2013

Deposit Bonus Dividend Requirements:

  1. Meet the VIP Patronage qualifications listed above and
  2. Have at least one PCU deposit account with a balance in 2013 including:
    • Premium Money Market
    • Premium IRA Money Market
    • Health Savings Account
  3. Maintain an average daily balance of $5,000.00 or greater in combined deposit accounts & certificates of deposit accounts. (Excludes Business Checking & Deposit Accounts)

Loan Rebate Dividend Requirements:

  1. Meet the VIP Patronage qualifications listed above and
  2. Paid a minimum of $500 in total interest on qualifying PCU loans during the calendar year of 2013 under a single membership number.
  3. Have a minimum of two or more qualifying PCU consumer loans (excludes business loans) that carried a balance within 2013 which includes:
    • Mortgage
    • Auto & recreational vehicle
    • Home Equity & HELOCs
    • Visa Credit Cards

Joint owners will not receive a separate payout. Loan interest and deposit balances cannot be combined or shared with other accounts. Business Accounts, Custodial Accounts, and Trust Accounts are not eligible. All transaction activity based on the calendar year 2013. Special dividends are reportable on IRS form 1099-INT for 2013. The Credit Union reserves the right to modify and cancel the VIP Program and Special Dividends at any time.