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ideal vip plus

VIP+ Eligibility Requirements

Deposit Bonus Dividend Requirements:

  1. Meet the VIP Patronage qualifications listed above and
  2. Have at least one Ideal CU deposit account with a balance 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 Ideal CU loans during the previous calendar year.
  3. Have a minimum of two or more qualifying Ideal CU consumer loans (excludes business loans) that carried a balance within the calendar year which includes:
  • Mortgage
  • Auto & recreational vehicle
  • Home Equity & HELOCs
  • Visa Credit Cards

Joint owners will not receive a separate payout. Business Accounts, Custodial Accounts, and Trust Accounts are not eligible. All transaction activity based on the previous calendar year. Special dividends are reportable on IRS form 1099-INT. The Credit Union reserves the right to modify and cancel the VIP Program and Special Dividends at any time.

To qualify as a VIP member, you must have a minimum S1 (Regular Share Savings) balance of $1.00. Program excludes business loans and any charged off loan and delinquent loan members as of 12/31/2014. The Visa Credit Card account needs to have a balance prior to the last Visa statement to qualify.