Thank Use - Dupaco

Feeling Thankful

It’s often the little things that mean the most. At Dupaco, we’re thankful for our community of members who use the cooperative they own.

Celebrate with us

At a cooperative like Dupaco, you’re not just a member, you’re an owner. Active participation powers the credit union — you share in the success. The more you use Dupaco, the more you’re thanked with extra cash dividends. An active checking account indicates your commitment and was the key to unlocking all of your Thank Use.

More than 63,000 participating members boosted their financial well-being and shared nearly $4.5 million in Thank Use patronage dividends this year. The payout occurs on a day that celebrates the cooperative difference: International Credit Union Day on Oct. 15.

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Here’s how participating members earned in 2020:

Thank Use: Save

Build up your savings and earn up to $100.

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Thank Use: Borrow

Earn up to $60 for interest paid on your loans.

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Thank Use: Plan

Use our financial & insurance services, get up to $40.

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Thank Use: Pay

Earn 5 cents every time you pay with your Dupaco card.

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Take the quiz. Use the tools. Earn up to $20.

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A special reward for returning Thank Use participants.

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Start a new savings plan and earn up to $15.

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Together, participants can earn $30 more by saving with purpose.

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A chance for members under the age of 18 to earn.

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Services Used	Thank Use
One	$20
Two	$40
To earn Thank Use in the Plan category, member must meet campaign eligibility requirements and have a minimum of one the following on 9/30/20: Be a policy holder with Dupaco Insurance Services and/or an account holder with Dupaco Financial Services.

Combined Savings Balances	Thank Use
$1,000-$4,999	$25
$5,000-$19,999	$35
$20,000-$49,999	$45
$50,000-$199,999	$60
$200,000+	$100
To earn Thank Use in the Save category, member must meet campaign eligibility requirements and have a balance of $1,000 or more in combined deposit accounts (savings, money market, IRA, term share certificate, and/or health savings) on 09/30/20. Checking account balances not included. APY is accurate as of the last dividend declaration date. The annual percentage yield (APY) on savings accounts, based on daily balances, are: under $100 at 0.00%; $100-$2,499.99 at 0.20%; $2,500-$9,999.99 at 0.25%; $10,000-$24,999.99 at 0.35%; and $25,000.00 and up at 0.50%. Rates are variable and may change after account is opened. Fees could reduce account earnings.

Combined Loan Interest Paid	Thank Use
$100-$499.99	$25
$500-$1,999.99	$35
$2,000-$4,999.99	$45
$5,000+	$60
To earn Thank Use in the Borrow category, member must meet campaign eligibility requirements and have paid a minimum of $100 in total interest on qualifying loans (auto, recreational vehicle, personal, home equity, and/or mortgage) from 01/01/20 - 09/30/20.

Card Used	Thank Use
Dupaco Debit MoneyCard	$0.05 per swipe
Dupaco Visa Credit Card	$0.05 per swipe
To earn Thank Use in the Pay category, member must meet campaign eligibility requirements and use a Dupaco MoneyCard and/or Visa for transactions. $0.05 will be paid for every transaction posted to member’s account from 1/01/20– 9/30/20. (Excludes ATM transactions. Transactions may take up to 3 business days to post to member’s account.)

Eligible Services	Thank Use
Bright Track	$5
Shine Activity and/or Balance eNotifiers	$5
Two-Step Verification	$5
Protection Connection Quiz	$5
To earn Thank Use in the Protect category, member must be enrolled in Bright Track on 9/30/20, and/or be set-up for at least 1 Shine activity or balance eNotifier by 9/30/20, and/or have Two-Step Verification enabled on 9/30/20, and/or have completed the Protection Connection Quiz in Shine by 9/30/20.

Years of Participation	Thank Use
3rd Year	$5
4th Year	$10
5th Year	$20
To earn Thank Use in the Participate category, member number must have been paid Thank Use a minimum of 3 years between 2016-2020. Thank Use paid on a past, closed member number will not apply.

Number of Deposits	Thank Use
5+	$25
Requires 5 individual deposits of $5 or more from 1/1-9/30/20; limit one qualifying deposit per day. APY is accurate as of the last dividend declaration date. The annual percentage yield (APY) on savings accounts, based on daily balances, are: under $100 at 0.00%; $100-$2,499.99 at 0.20%; $2,500-$9,999.99 at 0.25%; $10,000-$24,999.99 at 0.35%; and $25,000.00 and up at 0.50%. Rates are variable and may change after account is opened. Fees could reduce account earnings.

Services Used	Thank Use
Systematic Savings	$5
Savings Goal	$5
Recurring Deposit to Savings Goal	$5
Earnings in the Accumulate category are based on activity from 1/1-9/30/20. Systematic Savings requires an automatic, recurring transfer of $10 or more per month for 4 consecutive months into a savings, holiday club, Launchpad, IRA, or health savings account. Savings Goal requires the setup of at least 1 savings goal in Shine; add an automatic, recurring transfer to a savings goal to earn an additional $5. APY is accurate as of the last dividend declaration date. The annual percentage yield (APY) on savings accounts, based on daily balances, are: under $100 at 0.00%; $100-$2,499.99 at 0.20%; $2,500-$9,999.99 at 0.25%; $10,000-$24,999.99 at 0.35%; and $25,000.00 and up at 0.50%. Rates are variable and may change after account is opened. Fees could reduce account earnings.

Thank Use Qualifications

THANK USE QUALIFICATIONS: Personal member, age 18 or older as of 9/30/20, with an active personal checking account and a primary savings account with a minimum balance of $25 or more on 9/30/20.

INELIGIBILITY: The following are not eligible: personal members with a loan or deposit charge-off in 2020, those with a loan delinquent by 60 consecutive days or more on 9/30/20, or those with a negative checking account balance for 30 consecutive days or more on 9/30/20; 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 10/15/20 and may be reportable on IRS form 1099-MISC.

LIMITATIONS: To receive Thank Use, Dupaco membership on 10/15/20 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. Each co-opportunity is payable once.

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 9/30/20. 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 9/30/20.

Thank Use Boost Qualifications

THANK USE BOOST QUALIFICATIONS: Personal member, under age 18 as of 9/30/20, with a primary savings account with a minimum balance of $25 or more on 9/30/20.

PAYOUT: Thank Use posts to the member’s primary savings account on 10/15/20 and may be reportable on IRS form 1099-MISC.

LIMITATIONS: To receive Thank Use, membership on 10/15/20 is required. Deposits are based on a single member number and cannot be combined or shared with other member numbers.

Feeling Thankful

Here’s how participating members earned in 2020:

Use your credit union to grow your finances and protect your possessions. When you have an active checking account — and partner Dupaco Insurance Services and/or Dupaco Financial Services — you’ll be “thanked” in return!

Together with an active checking account, your savings balances could earn you earn up to $100!

An active checking account enables you to earn up to $60 for the interest you pay on loans financed or refinanced through Dupaco. Here’s how it works:

With an active checking account, you could earn Thank Use every time you make purchases with your Dupaco debit MoneyCard and/or Dupaco Visa credit card! Here’s how:

Make your financial life more secure with Dupaco fraud protection services and education! Once you made your checking account active, you could earn $5 dollars for each featured service you used. Plus, you could get another $5 by taking the short quiz.

This is a special “thank you” for members who participate in Thank Use year after year.

This year’s group goal was all about starting a savings plan and sticking to it. And if 5,900 members joined in, everyone got an extra $30! Here’s how it worked:

Boost is a special Thank Use earning category for members under the age of 18. Members who made five individual savings deposits of $5 or more earned a $25 “boost” to their accounts.

Let’s take your savings to the next level! Get into a routine with automatic transfers to your Dupaco savings account. Start a Savings Goal for that specific purchase, project, or purpose. Once your checking account is active, you’ll earn $5 for each service you use!

Thank Use Qualifications

Thank Use Boost Qualifications