THANK USE QUALIFICATIONS: Personal member, age 18 or older as of 9/30/19, with an active personal checking account and a primary savings account with a minimum balance of $25 or more on 9/30/19.
INELIGIBILITY: The following are not eligible: personal members with a loan or deposit charge-off in 2019, those with a loan delinquent by 60 consecutive days or more on 9/30/19, or those with a negative checking account balance for 30 consecutive days or more on 9/30/19; business members and trust accounts with an EIN; business accounts under personal memberships.
PAYOUT: Thank Use posts to the member’s primary savings account on 10/17/19 and may be reportable on IRS form 1099-MISC.
LIMITATIONS: To receive Thank Use, Dupaco membership on 10/17/19 is required. Account relationships, deposit balances, loan interest paid, and Thank Use longevity are based on a single member number and cannot be combined or shared with other member numbers.
ACTIVE PERSONAL CHECKING DEFINITION: To be considered an active personal checking, an account must meet one of the following qualifying criteria: 1.) Direct deposit into the checking account, then have a total of 5 or more check, debit, or automated clearing house (ACH) transactions on that checking account within 90 consecutive days ending on 9/30/19. OR 2.) Have 10 check, or 8 debit, or 5 automated clearing house (ACH), or 3 bill pay transactions from the checking account within 90 consecutive days ending on 9/30/19.