BlueOx Credit Union’s Member Rewards program rewards you for actively using BlueOx for your financial services, since it is your patronage that allows us to thrive.The Member Rewards program provides many free or discounted services based on your level of participation with BlueOx. It’s easy; the more products and services you take advantage of, the more you receive!
Member Rewards structured with four different levels, platinum, gold, silver and bronze, which have point ranges assigned to each.
|$3 Monthly checking account fee waived. Fee not applicable to members <18 years, >65 years; Kasasa checking accounts; accounts w/ eStatements; or Platinum level Member Rewards.||♦|
|Consumer loan rebate of .25% daily APR on new loans disbursed after 6-1-17, posted to regular share savings. Excludes mortgages, home equities & Visa.||♦|
|Free automatic transfer of funds from regular savings to checking to cover overdraft||♦|
|Free overdraft privilege (ODP) upon member request per incident, max 2/calendar year. New accounts must be open a minimum of 30 days before ODP is available. Limits could vary month-to-month depending on member's level.||Limit $1,500||Limit $1,250||Limit $1,000||Limit $750|
|Free ATM transactions on foreign-owned machines. Surcharges imposed by other financial institutions may apply.||Unlimited||12||8||4|
|Waived late payment upon member request, max 1/calendar year||♦|
|Unlimited free cashier's check, money orders & member check cashing||♦||♦|
|Free ATM/debit card replacement||♦||♦|
|Bulk/loose coin handling fee waived||♦||♦||♦|
|Free account-to-account or person-to-person (A2A/P2P) transfer, max 2/calendar year||♦||♦||♦|
|Free reloadable Visa debit card or free funds reload, max 2/calendar year||♦||♦||♦|
|Temporary check fee waived, max one page/4 checks per calendar year||♦||♦||♦|
|Free audio response access, online banking & bill pay, text banking & notary service||♦||♦||♦||♦|
To calculate total point value, five different categories of relationships are examined monthly:
- Primary Financial Institution Relationships
- Savings Relationships
- Loan Relationships
- Self-service Relationships
- Member-elected Deposit Relationships
We have assigned points values for specific items or actions within each category that are particularly beneficial to the membership, and contribute to the prosperity of BlueOx.These include items such as membership longevity, balances, specific types of savings or loan products, and certain self-service or member-elected activities.
The Member Rewards program allows us to identify those who help us to flourish, and to show our gratitude in the way of extra perks.
|Primary Financial Institution Relationship||Kasasa or regular checking account||50|
|Every year of BlueOx membership after 15 years (point/each year beyond)||1|
|Savings Relationship||Additional savings products present (beyond regular share savings)||10|
|Non-IRA CD products present||10|
|IRA share and CD products present||20|
|Money market accounts present||10|
|Any savings product w/ a negative balance||-200|
|Aggregate balance from $1,000 - 2,499||15|
|Aggregate balance from $2,500 - $9,999||25|
|Aggregate balance from $10,000 - $49,999||35|
|Aggregate balance $50,000+||45|
|Loan Relationship||Mortgage loan||25|
|Home equity loan||25|
|All other consumer loans, excluding Visa (points/each loan)||10|
|Any loan delinquent 2 or more months||-200|
|Aggregate balance from $1,000 - 24,999||30|
|Aggregate balance from $25,000 - $49,999||40|
|Aggregate balance $50,000 - $74,999||50|
|Aggregate balance from $75,000||60|
|Self-service Relationship||# of debit card transactions up to 15 per month||10|
|# of debit card transactions from 16 - 25 per month||25|
|# of debit card transactions from 26 - 35 per month||50|
|# of debit card transactions 36+ per month||75|
|Dollar amount of debit card transactions per month up to $1,000||10|
|Dollar amount of debit card transactions per month $1,001 - $1,500||25|
|Dollar amount of debit card transactions per month $1,501 - $3,000||50|
|Dollar amount of debit card transactions per month $3,001+||75|
|Audio respons active & using||5|
|Online banking active & using||10|
|e-Statements - enrolled||50|
|Bill payment/presentment - enrolled||50|
|Valid e-mail address||25|
|Mobile text banking - enrolled||25|
|Mobile web banking - active & using||10|
|Member-elected Deposit Relationship||Payroll w/ deposits of at least $1,000 per month||50|
|ACH w/ deposits of at least $1,000 per month||50|
|Loan payments only via automatic funds transfer active||15|
|Loan payment via ACH||25|
Frequently Asked Questions
Q: How do I know my level?
A: Your level will be displayed on your account statement and also when you sign into our online branch, It’s Me 247. Our staff can also share this with you.
Q: When are levels evaluated and updated?
A: Your member level for the current month is based on the point calculation that occurs on the last day of the prior month. This regenerates every month.
Q: Do my points accumulate?
A: No, points don’t accumulate. Each month is a fresh snapshot.
Q: Will my fee waivers be implemented automatically?
A: Most will, however, a couple, such as the waiver of the overdraft privilege fee and the late loan payment fee waiver rely upon member request. When those circumstances occur, just let us know you wish to request a waiver.
Q: If my loan pays off in the current month, do I get my interest rebate on the first day of the next month?
A: Yes. The rebate will be calculated and paid based on the daily rate, multiplied by the balance and the number of days before pay off.
Example: Your loan is active until the 10th day of the month when you pay it in full.
The calculation that will determine your rebate amount to post to your regular share savings account on the first day of the next month as a Platinum level member is:
Rate Benefit = .250 Loan Balance is $10,000.00
.250/100 = .0025 .0025/365 = .000006849
.000006849 * 10,000.00 = .068 rounded to .07 daily
You had your loan for 10 days into the month, so 10 X .07 = $.70 rebate
Q: Specifically, what items or actions will help me earn points?
A: The above table will explain actions that will increase (or decrease) points.Go to main navigation